RES 87203 - Laserfiche WebLink

(30) days until the claim closes unless extended diary is appropriate. All original reports, documents, and claim data of every kind or description that are prepared in whole or in part by or for the CLAIM ADMINISTRATOR in connection with this agreement shall be CITY'S property and constitute the CLAIM ADMINISTRA- TOR'S work product for which compensation is paid. A copy of all reports, documents, and claim data of every kind or description that is in whole or in part by or for the CLAIM ADMINISTRATOR is the property of the CLAIM ADMINISTRATOR and must be main- tained by the CLAIM ADMINISTRATOR in accordance with Title 10, Article 6, Section 2691.14, of the California Administrative Code. Additional copies of original reports, documents, and data requested by the CITY will be at the CITY'S expense in accordance with this agreement. IV. DENIAL~ COMPROMISE~ OR SETTLEMENT OF CLAIMS It is agreed that the CITY has designated $1,000.00 authority to the CLAIM AD- MINISTRATOR for the purpose of compromising and/or settling any claims against the CITY being handled by the CLAIM ADMINISTRATOR. Prior approval to compro- mise or settle any claim will be obtained from the designated CITY officer or emplo- yee on matters exceeding $1,000.00. V. PAYMENT FOR SERVICES Annual Claims Administration fee is $2,400.00. Time and expense charges will be incurred only when necessarily required in the form of adjuster's fees. Time and expense fees at the inception of the contract will be as follows: (a) Adjuster's Fee: $35.00 per hour (b) Mileage: 40¢ per mile, with probable increase during contract based upon cost to operate a compact vehicle (c) Stenographic and Office Overhead: 30% of hourly rate (Minimum $22.50) (d) Telephone Expense: 9% of hourly rate (e) Photographic Expense: $2.00 per colored print (f) Photocopy Expense: 30¢ per page (g) Insurance: 2½% of hourly rate (h) Video Taping Service: $50.00 per hour (includes all expenses except $10.00 Video Tape Charge) -2-