A ut Financial Responsibilities hor i t y Releases and Payments • Program requirements must be followed for releases and payments. • Claim adjusters should not issue a check until they have confirmed the check is marked as “STOP PAY” in the claim system. D o Check approvers must verify the previous check was stopped prior to oc nd um approving the 2 check. o The unit manager and above has the power to override this process, in ent certain as needed circumstances. a t i Check Processing on • At no time should a check issuer also be the check printer and/or mail processor • At no time should anyone issue a check to a vendor without a 1099 or W9, without R receiving and entering the information into the C3. Re ess FFin pp i onson Vendor Payments n anan is c bib ic i al ial lil i • Payment to vendors must be made within 5 business days of the invoice receipt. tit i esie Subrogation s • Program handling their own subrogation o Reminder  Recovery • The carrier has their Subrogation Unit T D i ea m o Recognize subrogation potential immediately d el i o Utilize the subrogation referral form l nes i o Document the file notes with the subrogation referral nes s o Please make sure you submit it as soon as possible. Don’t wait & o Fire losses should immediately go to recovery – they will assist with experts etc… o We should receive a notice if the carrier subro rejects it o Alert the carrier subro team of closures etc… C us t NARS handling subrogation om C l i o Adjusters are required to identify subrogation potential as soon as possible er ent o Open subrogation module in the claim system as soon as subrogation is D & identified et 29 a i l Confidential, Proprietary and Trade Secret Document of NARS and protected by the Florida Uniform Trade s Secrets Act, chapter 688, Florida Statutes. No use allowed unless specifically authorized.