1999 AGN JUN 01 I16 - Laserfiche WebLink

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WORKERS' COMPENSATION CLAIMS ADMINISTRATION AGREEMENT This Workers' Compensation Claims Administration Agreement (hereinafter referred to as "Agreement") is made and entered into this day of 19 , between TRISTAR Risk Management, (hereinafter referred to as "TRISTAR") and (hereinafter referred to as the "Client"). WHEREAS TRISTAR is in the business of providing Workers' Compensation claims adjusting and administrative services on behalf of self-insured companies; and WHEREAS CLIENT desires to purchase the service of TRISTAR and TRISTAR desires to provide such services to the CLIENT with respect to its Workers' Compensation claims. NOW, THEREFORE, in consideration of the initial covenants and agreements contained herein, the parties hereto agree as follows: I. CLAIMS ADJUSTING AUTHORITY AND RESPONSIBILITIES OF TRISTAR 1.1 Subject to all the terms and conditions of this AGREEMENT, TRISTAR shall have the authority and responsibility to provide claims adjusting and administration services to conclusion for the CLIENT in connection with claims or losses relating to occurrences under the term of this AGREEMENT. 1.2 In connection with its authority and responsibilities under this AGREEMENT, TRISTAR shall: (a) Receive and examine, on behalf of the CLIENT, all claims reported to it and initiate the process for the proper handling of each claim. (b) Investigate and adjust, settle or deny all claims in accordance with applicable requirements of any governing State Workers' Compensation laws. (c) Establish and maintain adequate reserves on each claim for which there is injury and/or anticipated liability and/or a formal claim has been made and code such claim in accordance with TRISTAR's routine statistical requirements which may be modified, by mutual agreement, and referenced by Addendum to this AGREEMENT.