Sentences with phrase «special compensation fund»

(2) Subsection (1) applies to all claims relating to the responsible brokerage for which compensation from the special compensation fund has not been paid on or before the date of the cancellation, regardless of whether the claims were made under section 61 [claim for compensation] before or after the licence was cancelled.

The Real Estate Special Compensation Fund, introduced in 2005 under RESA, provides protection to members of the public who have suffered «a compensable loss through the provision of real estate services in circumstances where money entrusted to a real estate licensee or an unlicensed individual related to the brokerage has been

Therefore, regardless of the amount of money that a brokerage may hold in trust on behalf of a strata corporation, the maximum amount that could be recovered from the special compensation fund, should there be a significant misappropriation, would be $ 100,000.

A special compensation fund exists under RESA to protect the public against the loss of trust money; however, the Real Estate Services Regulation limits the maximum amount that may be paid to a single claimant to $ 100,000, and the maximum total amount that may be paid in respect of claims against a single brokerage to $ 500,000.

If a consumer has entrusted money to a real estate licensee or an unlicensed individual acting on behalf of a brokerage and that money has been misappropriated or wrongfully converted, intentionally not paid over or accounted for, or obtained by the fraud of that licensee or individual, the consumer may wish to make a claim against the Real Estate Special Compensation Fund.

114 In addition to amounts required to be paid under Part 5 [Payments from Special Compensation Fund], the compensation fund corporation may authorize payment out of the special compensation fund for expenses incurred

(2) The compensation fund corporation may, in the manner and on the terms and conditions it considers advisable, enter into contracts with insurers by which the special compensation fund may be protected in whole or in part against any claim or loss to the special compensation fund.

116 (1) If the capital of the special compensation fund at any time falls below the minimum amount of capital prescribed for the purpose of this section, the compensation fund corporation must immediately advise the real estate council.

The assessment for the Real Estate Special Compensation Fund is not refundable once a licence has been issued.

115 (1) The compensation fund corporation may invest any part of the special compensation fund, not presently required for disposition, as permitted under the provisions of the Trustee Act respecting the investment of trust property by a trustee.

(iii) for the purposes of considering a claim under Part 5 [Payments from Special Compensation Fund], or

«special compensation fund» means the Real Estate Special Compensation Fund established under section 112 [special compensation fund];

«compensation committee» means a hearing committee established to make determinations and assessments of compensable loss under Part 5 [Payments from Special Compensation Fund];

(4) In addition to the report, the compensation fund corporation must provide the minister or the real estate council, as applicable, with audited financial statements or other information concerning the special compensation fund and the compensation fund corporation when required to do so by the minister or real estate council.

must be deposited to the credit of the special compensation fund in a savings institution in British Columbia.

(c) it would be in the public interest to use money from the special compensation fund to complete the trade or prevent the loss, and

The Special Compensation Fund (Fund) applies to trust funds held by a licensee engaged in strata management.

We will send you an information package with full details about trust protection coverage and the process of filing a claim to the Special Compensation Fund.

If you have questions about a Special Compensation Fund claim, or want to know more about the process of filing a claim, contact the Council at 604.683.9664, toll - free 1.877.683.9664 or email [email protected].

Everyone who is licensed to provide real estate services in BC contributes to the Special Compensation Fund through their licensing fees.

The Real Estate Special Compensation Fund provides financial protection for members of the public who have lost money because of the actions of a real estate licensee.

The Special Compensation Fund can potentially reimburse you for all or part of your loss.

The Real Estate Compensation Fund Corporation (RECFC) is responsible for overseeing the Special Compensation Fund.

Not exact matches

ALBANY, NY (12/10/2010)(readMedia)-- Governor David A. Paterson today was joined by Chief Judge of the New York State Court of Appeals Jonathon Lippman; Assembly Speaker Silver; President of the New York State Bar Association Steve Younger; Chair of the Fund for Modern Courts Victor Kovner; and distinguished members of the New York State judiciary as he signed legislation establishing a special Commission on Judicial Compensation.

· Allowing counties an option to modify how they fund state mandated pension contributions · Providing counties more audit authority in the special education preschool program · Improving government efficiency and streamlining state and local legislative operations by removing the need for counties to pursue home rule legislative requests every two years with the state legislature in order to extend current local sales tax authority · Reducing administrative and reporting requirements for counties under Article 6 public health programs · Reforming the Workers Compensation system · Renewing Binding Arbitration, which is scheduled to sunset in June 2013, with a new definition of «ability to pay» for municipalities under fiscal distress, making it subject to the property tax cap (does not apply to NYC) where «ability to pay» will be defined as no more than 2 percent growth in the contract.

In addition, some special funds held by the county, such as workers» compensation, can not be used for other purposes once the district has paid into them.

Now that the regular legislative session is over and a special session is under way, LEV Policy and Government Relations Director Daniel Zavala provides status updates on education funding, educator compensation, student supports, accountability, early learning, and higher education.

The Special Revenue Funds include the SGSA Fund, Workers» Compensation / Tort Fund, School Lunch Funds, and federal and state grant fFunds include the SGSA Fund, Workers» Compensation / Tort Fund, School Lunch Funds, and federal and state grant fFunds, and federal and state grant fundsfunds.

There are a variety of routes to obtain the compensation that negligent companies and employers owe to those they've injured, including asbestos trust funds and special VA benefits for veterans who suffered service - related asbestos exposure.

Various options are proposed to tackle the issue: rehabilitation vouchers - these address the point of «phantom» attendance for rehabilitation, but may be complex to administer; all rehabilitation arranged and paid for by defendants - the MoJ notes that this would help speed up access to treatment and increase independence and transparency; no compensation payment towards rehabilitation in low value claims - the claimant would need to fund this and primary legislation would be needed to achieve this as at present there is no intention to restrict recovery of special damages; expand MedCo to include rehabilitation providers; and introducing fixed recoverable damages for rehabilitation treatment - the MoJ notes that this could be difficult and invites comment as to whether this would be achieved via a fixed cost per session or by fixing an upper value limit that can not be exceeded.

Feinberg previously served as special master for the September 11th Victim Compensation Fund where he estimated the future earnings of those who died in order to determine compensaCompensation Fund where he estimated the future earnings of those who died in order to determine compensationcompensation offers.

We are thrilled to have as our featured speaker and honoree for the event Ken Feinberg, the internationally known lawyer who served as special master of the Sept. 11th Victim Compensation Fund and of several other victim compensation funds, include the One Fund Boston Victim Relief Fund in the wake of the Boston MarathCompensation Fund and of several other victim compensation funds, include the One Fund Boston Victim Relief Fund in the wake of the Boston Marathcompensation funds, include the One Fund Boston Victim Relief Fund in the wake of the Boston Marathon bombings.

Moreover, Ken Feinberg served without compensation as Special Master for the 9 - 11 fund, which also involved complicated distribution of a large pot of money to victims.

(For other readers, the story deals with appointment of former September 11th Victim Compensation Fund Special Master Kenneth Feinberg to «a new role overseeing banks» compensation schemes to ensure that they do not reward unnecessarily risky behavCompensation Fund Special Master Kenneth Feinberg to «a new role overseeing banks» compensation schemes to ensure that they do not reward unnecessarily risky behavcompensation schemes to ensure that they do not reward unnecessarily risky behaviour.»

Kenneth Feinberg - Feinberg was appointed Special Master of the U.S. government's September 11th Victim Compensation Fund and currently serves as the Special Master for TARP Executive Compensation, popularly called the «pay czar.»

Feinberg was appointed Special Master of the U.S. government's September 11th Victim Compensation Fund and currently serves as the Special Master for TARP Executive Compensation, popularly called the «pay czar.»

George, who has served as chief justice since 1996, will deliver the keynote address, while Feinberg, who was special master of the September 11 Victim Compensation Fund and is managing partner and founder of The Feinberg Group, LLP, will present the opening remarks.

There are special state funds, or pools for Workers» Compensation Insurance in many states, however more often businesses will have to find a private carrier for this type of Business Insurance policy.

Business uses may include: key person coverage, funding buy / sell agreements or special executive compensation arrangements.

• Accurately processed payroll as well as monitored vacation / benefit accruals independently • Actively managed wage garnishments and processed termination checks • Accepted accountability for the overall teamwork and stood responsible for meeting the deadlines • Assisted HR department with compensation and benefits for payroll related tasks like processing benefits premiums, wage ceilings, long term disability claims, life insurance, group health insurance, fringe benefits, and overtime pay analysis • Assisted internal and external auditing procedures related to payroll by following company standards and policies • Monitored and reviewed complete payroll accounts for verification of accuracy and in case of any discrepancies made appropriate corrections and updates, at the end of every month • Communicated effectively with all staff responding to their requests and inquiries related to payroll information • Correctly made payroll related general ledger journal entries for each record • Created and dispersed payroll vouchers to the company employees every month on the pay day • Created benefit audits and reports for terminated / retired employees • Maintained perfect reconciliations of balance sheet accounts related to the payroll • Executed special research projects regarding payroll management and for detailed analysis of financial facets of payroll • Gave suggestions to the management for the policy and procedure updates and refreshers related to payroll management and its financial aspects • Organized and maintained outstanding payroll checks and lists in coordination with the HR department • Managed contacts and communicated regularly with all the internal and external stakeholders ensuring effective flow of information • Organized files, accounts, ledgers, records, employee books for payroll documents and other related purposes • Prepared SDLs — Salary Distribution Journals and other distribution journals every month for payroll accounts • Processed and prepared corporate payroll using Pay Expert Application, managing all paperwork for the wire transfers and generated return funds • Processed payroll changes for new hires and terminations ensuring accuracy and timeliness of the process • Proficiently used PRG (Millennium) payroll and TMx labor scheduling software applications for effective payroll management • Resolved all issues related to payroll tax payments and reported after every pay run making sure that all filings were accurately represented by the tax service provider • Reconciled tax payments for federal, state and local payroll as well as returns for multiple authorities on monthly basis.