MCMJIF Bylaws
13.01 REGISTRATION: The administrator shall, upon receipt of notice of claim, service of process, petition or otherwise, cause said claim to be recorded and numbered, and be included on a monthly report to the Fund commissioners or executive committee if one is established. The report shall include the date of the claim, name of the claimant, nature of the claim and an approximate estimate of the potential loss if such can be estimated.
13.02 COORDINATION: The administrator shall immediately forward copies of the notices of claim, as well as any other pertinent information, to the claim service agency, and where appropriate, to the defense attorney for investigation, legal proceedings or other appropriate response.
13.03 CLAIMS STATUS REVIEW: As soon as practicable, the claims administrator and defense counsel shall assess the value of the claim and advise the Administrator as to the merits of said claim and establish a reserve which is to be reviewed and updated on no less than a quarterly basis.
13.04 SETTLED CLAIMS: As settlements have been concluded in accordance with the Bylaws, the claims administrator and or the attorney shall report the disposition to the Administrator, who shall include same in the monthly report to the commissioners or executive committee if one is established.
