Res 1999-134 - Laserfiche WebLink

Home Browse Search

(c) Negotiation of coverages and rates with insurance companies. (d) Completion of reports and payment of premiums from the Plan to the insurance companies. (e) Provide periodic reports summarizing Plan expenditures. (t) Make available necessary data required for regulatory disclosure information compliance. (g) Provide claim review, examination, and benefit payments, in accordance with the Plan Document. (h) Maintain the Plan checking account, and all necessary records for the Plan. The Claims Administrator will provide advice to the Company from time to time regarding the design of the Plan at the Company's request. The design ofthe Plan and the benefits, the determination of applicable law, and the determination for the need of any trust, however, will be done solely by the Plan Administrator. In turn, the Claims Administrator will provide its services based on the Plan and any trust adopted by the Company and designed by the Plan Administrator. 2.2 The Claims Administrator is authorized to do all things it deems necessary to carry out the terms and purpose of this Agreement, including the execution of documents in the name of the Plan. However, the Claims Administrator shall not be deemed to be a fiduciary of the Plan, and this Agreement shall not confer or delegate upon the Claim Administrator any discretionary authority or responsibility with respect to control, administration, or management of the Plan or its assets. All discretionary authority regarding any eligibility, coverage, interpretations or any other aspect of the Plan is with the Plan Administrator. The Claims Administrator is not an insurance company and does not accept risks associated with any policies of insurance. The Claims Administer accepts responsibility for compliance with administration of claims duties as defined in the excess loss reinsurance treaty of American National Insurance Company effective August 1, 1999. 2.3 The Claims Administrator, at the request of the Plan Administrator, shall actively solicit stop loss insurance providers to participate in the Company's procurement processes for stop loss insurance products. The Claim Administrator, at the request and written approval of the Plan Administrator, shall obtain additional products or services from providers unrelated to the Claims Administrator for purposes of providing appropriate products or professional services that are not within the scope of the duties of the Claims Administrator. At the request of the Plan Administrator, the Claims Administrator shall perform a centralized billing service for expenses related to such products or professional services and remit fees or premiums 2