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The Medical Indemnity Fund ("Fund" or "MIF") was established in 2011 to provide a funding source for future health care costs associated with birth-related neurological injuries.
Indemnity is a contractual agreement between two parties. In this arrangement, one party agrees to pay for potential losses or damages caused by another party.
Indemnity is one party's promise to compensate another for potential losses or damages. Indemnification is the act of compensating another party after a loss has occurred. In an indemnity contract, the indemnitee is protected from liability and the indemnitor holds the indemnitee harmless.
\u201cTo indemnify\u201d means to compensate someone for his/her harm or loss. In most contracts, an indemnification clause serves to compensate a party for harm or loss arising in connection with the other party's actions or failure to act. The intent is to shift liability away from one party, and on to the indemnifying party.
The rule of indemnity, or the indemnity principle, says that an insurance policy should not confer a benefit that is greater in value than the loss suffered by the insured. Indemnities and insurance both guard against financial losses and aim to restore a party to the financial status held before an event occurred.
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The MIF was designed to provide a funding source for future health care costs of "qualified plaintiffs," as defined by law, who suffered birth-related neurological injuries due to medical malpractice during a delivery admission.
The Medical Indemnity Fund was created to be a source of funding for the future medical costs for plaintiffs who suffered a birth injury during delivery. It is designed to provide assistance for "qualified plaintiffs" throughout their lifetime to defray some of their medical bills.
Indemnity Amount means the sum of (i) the Final Purchase Price, plus (ii) the aggregate principal amount of the Loans as of the Closing Date, plus (iii) the Remaining Payoff Amount.
Indemnity is a contractual agreement between two parties. In this arrangement, one party agrees to pay for potential losses or damages caused by another party.
What does it cover? Medical indemnity insurance covers you for both legal costs and the costs of awarded compensation if you are found to have caused harm by committing an error, omission or negligent act.

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