The principal reason for this growth in cash reserves was the sharp decline in program expenses,
primarily claim payments.
Not exact matches
This is
primarily because property
claims are a one - off
payment where liability could potentially result in additional payouts once liability has been accepted by the carrier.
However, Iowa life insurance policy regulations usually come into play once a
claim is filed, and deal
primarily with
payment terms and other issues pertaining to the disbursement of benefits.
We do not intend to make any further distributions until after we sell, liquidate or otherwise dispose of our remaining non-cash assets, consisting
primarily of our RenovaTM Cortical Stimulation System and related intellectual property, and pay or otherwise make reasonable provision for the
payment of
claims against and obligations of Northstar.
We have extensive experience throughout Canada in construction - related litigation, including: improprieties in the bidding process;
claims for construction liens; Performance and Labour and Material
Payment Bond
claims (
primarily acting for surety); breach of trust; breach of construction contract
claims; delays and liquidated damages
claims; and problems caused by delays, damages, increases, substandard work, and debts guarantees.