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§ 1962. Payment for Errors.

4 CA ADC § 1962Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 4. Business Regulations
Division 4. California Horse Racing Board (Refs & Annos)
Article 18. Pari-Mutuel Wagering
4 CCR § 1962
§ 1962. Payment for Errors.
Currentness
If an error occurs in the payment amounts for parimutuel tickets which are cashed or entitled to be cashed and as a result of such error the parimutuel pool involved in the error is not correctly distributed among winning ticket holders, the following shall apply:
(a) In the event the error results in an over-payment to ticket holders the association shall be responsible for such payment.
(b) In the event the error results in an under-payment to ticket holders:
(1) The association shall accept timely claims for such under-payment, shall investigate such claims and shall pay each claim, or a part thereof, which it determines to be valid, and shall notify the claimant if his claim is rejected as invalid.
(2) Any person whose claim is rejected by the association may, within 15 days from the date he received the notice of rejection, request the Board to determine the validity of the claim. The failure to file such request with the Board within the said time shall constitute a waiver of the claim.
(3) A hearing shall be held on each such rejected claim timely filed with the Board. The Board shall give notice of such hearing to the claimant and the association. The Board may determine a claim to be valid, in whole or in part, and thereafter order the association to pay to the claimant the amount of the claim determined to be valid, or may deny the claim in whole or in part. Any such determination shall be final and binding on all parties.
(4) If no valid claims are presented for the amount of the under-payment or any part thereof, the amount of the under-payment shall be paid to the Board.
(c) Any claim not filed with the association within 30 days inclusive of the date on which the under-payment was discovered shall be deemed waived and the association shall have no further liability therefor.
This database is current through 4/12/24 Register 2024, No. 15.
Cal. Admin. Code tit. 4, § 1962, 4 CA ADC § 1962
End of Document