Final Answer:
An adjuster offered a claimant a settlement where the full payment would be presented and a release was signed. This is called A Full Release settlement. Option 2 is correct.
Step-by-step explanation:
In a Full Release settlement, the insurer offers the claimant the entire settlement amount in exchange for signing a release form that absolves the insurer from any future liability or claims related to the incident. This type of settlement closes the case entirely, preventing the claimant from seeking further compensation for the same incident. It's a common method used to swiftly resolve claims by providing the claimant with the entire agreed-upon amount upfront, ensuring a clean break from any future legal actions.
Unlike structured settlements where payments are spread over time, a Full Release settlement concludes the matter in a single transaction, allowing both parties to move on without lingering legal or financial ties.
The correct answer is: 2) A Full Release settlement