Structured Settlements - Release
Can you explain what is meant by a release being signed by the claimant?
It looks like you're new here. If you want to get involved, click one of these buttons!
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.