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Section III: -- Claim Definitions + N�w Claims are claims #hat are originafly reported to SFM Risk during the current contract period. • Existinq Claims are claims that were originally reported to and opened by Employer's previous claim administrator. • Incident Only Claims are claims for which no payments are made. SFM Risk provides data entry services anly indicafing pertinent in€ormation from the First Repart of Injury. • f.ndemnitv Clairrrs {Lost Time Claims) are claims on which indemnity benefits are payable (or patentiaily payable or claimed ta be payable}, • Medical Only Clairns are clairns on which medical expenses are payable (or potentially payable ar claimed to be payable) but no indemnity benefits are payable (or potentially payable or claimed to be payable). • Reopened Claims are claims that have been opened by or handled by SFM Risk or a previous administrator, then subsequently closed, and are reopened twelve months ar more after tl�e last date the file was opened or reopened. • Subsequent Year refers to a subsequ.ent year charge, which attaches to ciaims originally opened by SFM Risk or a previous clairns administrator and still apen on the anniversary of the cEairn's referral to SFM Risk. • With Tail provides an additional 12 monih handling perfod in the event of non-renewal. Section IV — Bankinct Employer and SFM Risk a�ree to the following banking procedures: Banking Procedures. SFM Risk will issue payments for claims it administers an checks printed and provided by SFM Risk but drawn against ihe Employer's account at a bank designatEd by Employ�r. Einployer agrees to mainfain su�ficient funds in its account to cover payments. SFM Risk will n.otify Employer in writing wi#h a list of itemized checks drawn against the account For daim or expense paymenis on a weekly dasis, at which time Employer agrees to replenish the account funds. Page 4 �� J The Work Comp Experts Risk Solutior�s