R2018-99 Authorizing Agreement with JWF Specialty Co. Worker's Compensation Benefits

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6 obligations to perform any services under this Agreement if the Client is delinquent in the delivery of sufficient funds for deposit to the Claims Fund Account. Section 7. Fees. The Client shall pay the Administrator for services pursuant to Addendum A. Each year of this Agreement is from October 1 to October 1 of the next year. The annual claim service will be paid monthly and there will be an annual review to apply the minimum if necessary. The amount paid covers the life of claim. The Administrator will adjust open claims begun by the prior Administrator at a rate of 70% of the full per claim fee. This will be a one time charge for the life of each claim. The amount of the Annual Claims Service Fee shall increase by 2% for up to three years. However, the parties may agree to extend the agreement for up to 3 additional years. Such request must be in writing and presented by either party for consideration at least sixty(60) days prior to the beginning of the next annual service period. Such increases in the contract extension shall be subject to negotiation between the Client and the Administrator and shall become effective and incorporated into this Agreement only by the execution of a separate endorsement by the parties. Section 8. Employees; Affiliates and Certain Transactions. The Administrator shall employ such competent and skilled personnel as shall be necessary to carry out its duties under this Agreement at its sole cost and expense. The Administrator shall not be required, however, to provide the services of any specific individual with respect thereto. The Administrator's dealings with subcontractors or agents are subject to the terms of Section 3. Without limiting the provisions of Section 3, the Administrator shall not enter into any contract, arrangement or other transaction on behalf of the Client or in connection with its duties