La. Admin. Code tit. 37 § III-1505
Current through Register Vol. 50, No. 11, November 20, 2024
Section III-1505 - Claim ReservesA. Within 30 days of receipt of notice of a claim against or potentially involving liability of the fund, the board may establish a reserve against such claim representing the total amount of compensation and compensation adjustment expenses which the fund is anticipated to be liable for and incur in respect of and allocable to such claim. Reserves respecting individual claims against the fund shall be established in consultation, as appropriate, with legal counsel representing the board with respect to such claim, with legal counsel for the enrolled health care providers against whom the claim is primarily asserted, and with claims personnel managing such claim for the commercial insurers of the enrolled health care providers against whom the claim is asserted. Reserves respecting individual claims against the fund shall be adjusted from time to time as changing circumstances or evaluations may warrant.La. Admin. Code tit. 37, § III-1505
Promulgated by the Office of the Governor, Patients' Compensation Fund Oversight Board, LR 18:180 (February 1992), amended LR 29:349 (March 2003), amended by the Office of the Governor, Division of Administration, Patients' Compensation Fund Oversight Board, LR 38:2544 (October 2012).AUTHORITY NOTE: Promulgated in accordance with R.S. 40:1299.44(D)(3).