Competences
The competences of Workers’ Compensation Fund (FAT) are:
A) To ensure the payment of benefits arising from work accidents whenever the responsible entity is unable to make the payments due to unsound economic situation objectively proven by a legal wind-up or the equivalent, due to the responsible entity being in recovery or due to the absence, disappearance or inability to identify the responsible entity;
B) To pay, wishing to do so and upon the company manager’s request, work accident insurance premiums of companies undergoing recovery processes;
C) To reimburse the insurance companies for: the updating of work accident pensions in cases of death or permanent disability equal to or greater than 30%, the updating of the supplementary compensation for third party assistance resulting from work and operational accidents , as well as the additional twelfths of the work accident pensions paid by these companies;
D) To carry out the reinsurance and retrocession of denied work accident risks upon submission by the tenderer of at least three refusal statements issued by the insurers
FAT Advisory Commitee
The FAT Advisory Committee consists of a representative of the Ministry of Finance who shall preside, together with other representatives and eminent persons in the work accidents area.
The FAT Advisory Committee shall appraise and issue an opinion on every aspect, other than day-to-day management, deemed relevant for FAT’s performance (i.e. the FAT accounts and funding).
Certified Quality
The Quality Management System according to norm ISO 9001:2000 was certified by APCER Associação Portuguesa para a Certificação (Portuguese Association for Certification) and by "IQNET - The International Certification Network".