Virginia Compensation Agreement

State:
Multi-State
Control #:
US-EG-9189
Format:
Word; 
Rich Text
Instant download

Description

Compensation Agreement pursuant to Custodian Agreement between First American Insurance Portfolios, Inc. and U.S. Bank National Association dated December 8, 1999. 2 pages

How to fill out Compensation Agreement?

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FAQ

The three forms typically used in workers' compensation billing are the HCFA-1500, CMS-1500, and UB-04 forms. HCFA-1500: Also known as the CMS-1500, this form is used for billing outpatient or non-hospital services.

Workers' comp cases with head injuries settle for the most money compared to settlements for all other body parts.

More videos on YouTube $10 million workers comp settlement in an exception to the ?coming and going rule? (California) ... $8.9 million workers comp settlement for a painter who fell from scaffolding (California) ... $6.2 million workers comp settlement for a construction worker struck in the head (Virginia)

2023 Rates: Effective July 1, 2023 the maximum compensation rate will be $1343.00. Effective July 1, 2023 the minimum compensation rate will be $335.75.

The Agreement to Compensate Code of L- With Liability indicates acceptance of a claim. The Agreement to Compensate Code of W- Without Liability indicates: The claim has been accepted without prejudice and without admitting liability and payments will be made pursuant to §21-a, or.

Instructions ONLINE: WebFile users may upload this form through their account. Click here to learn more about WebFile. FAX: Fax the complete form to 804-823-6956. MAIL: Mail the completed form to 333 E. Franklin St., Richmond, VA 23219. IN PERSON: Bring the completed form to any of our VWC Office Locations.

If your doctor says you cannot work because of your work-related injury or illness, you may be entitled to compensation equaling 66 2/3% of your regular wages based upon earnings for the 52 weeks prior to your injury. This amount is subject to a statewide maximum reimbursement amount.

Several organizations provide data on average workers compensation settlement amounts. For example: In 2021, the Virginia Workers Compensation Commission approved 4,839 settlements with a total aggregate value of $253,600,035. Therefore, the average workers comp settlement payout in Virginia was $52,407.53.

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Virginia Compensation Agreement