Settlement Claims Release of Insurer
Settlement Agreement: Release of claims against insurer; cancel insurance policy.
A complete release of claims for an insurer from a plaintiff claiming he/she/it suffered a contract breech by the insurer, or there was a misrepresentation during the sale of the policy, or a failure to insure, or that a tort (including negligence or bad faith) occurred during issuance, performance, or the process of policy claims.
When you enter the settlement conference with this form release in your briefcase, you will know your client insurer will recognize this as covering all the bases to protect them.
Settlement Claims Release of Insurer gives you:
- A release of claims against not only the insurer, but also a release of claims against the insurance agent and other possible tortfeasors or persons involved in a contract breach.. Hence this settlement agreement release form is appropriate to use not only to protect the company, its agents and officers, but also to lay the groundwork for a suit for contribution or indemnity against others (e.g., commonly the agent has his/her own separate insurance coverage available when the agent's mistake is involved and often a separate company is involved in the claims investigation and handling).
- A cancellation of the policyand avoidance of any future claims under the policy. If such a cancelation of the policy is not possible, e.g., the case involves a casualty policy under which other third party liability claims against the insured are pending, or might occur, because of past tortuous acts by the insured against third parties, this release and cancellation settlement agreement is not appropriate. However, you can redraft those cancellation sections to fit your situation.
- Time. You cannot dictate a first draft of this type of release of an insurance company as quickly (and cheaply) as cheaply as buying this form to start your process of fine-tuning the release for your specific case.
- Peace of mind. You get the drafting result and mentoring of a senior claims attorney, who has supervised claims handling for an insurance company.
You can own Settlement Claims Release of Insurer for only $16.80.
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