Question

An adjuster offered a claimant a settlement where the full payment would be presented and a release was signed. This is called a:

1• Walk-away settlement
2• A Full Release settlement
3• A Rehabilitation settlement
4• A Structured settlement

Answer 1

A settlement where full payment is made, and a release is signed, is known as a Full Release settlement. It means the claimant agrees not to pursue further legal action regarding the matter.

Step-by-step explanation:

When an adjuster offers a claimant a settlement where the full payment is made and a release is signed, this is generally referred to as a Full Release settlement. In such a settlement, the claimant agrees to accept the payment offered in exchange for agreeing not to pursue any further legal claims related to the incident in question. It's essential for the claimant to fully understand the terms before signing the release, as it typically signifies the end of the legal dispute and prevents any future claims.