Structured Settlements - Release

Can you explain what is meant by a release being signed by the claimant?

Comments

  • The section on Structured Settlements on Odomirok page 329 explains it well.

  • I am not clear about the treatment of structured settlement under SAP even i have read Odomirok page 330. It mentions: The accounting under SAP is the same as
    for structured settlements where a release is obtained.
    Does that mean the claim reserve is released and paid claim is recorded?

  • Yes, correct.

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