SETTLEMENT PROCESS: Key Documents to Close and Distribute a Case

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Which document allows you to waive the need to conduct a search for the defendant's assets to determine their financial status?

Declaration Pages from Defendant's Insurance

Affidavit Waiver for Asset Search (correct)

Settlement Checks

Medi-Cal Final Liens

When should the Affidavit Waiver for Asset Search be signed?

Whenever a case involves a high-value settlement

Whenever a case is going to trial

Whenever a case involves a high-value defendant

Whenever a case is going to settle for policy limits and the client has been offered to request an asset search and agrees on waiving it (correct)

What information do Declaration Pages from Defendant's Insurance provide?

Detailed information about the defendant's assets

Detailed information about the defendant's medical history

Detailed information about the defendant's insurance policy (correct)

Detailed information about the defendant's criminal record

What is the purpose of Settlement Checks?

To pay the settlement amount to the Firm, the client and Medi-cal, if applied Signup and view all the answers

What do Medi-Cal Final Liens represent?

The amount of money Medi-Cal is entitled to recover from the settlement proceeds Signup and view all the answers

When does the client have to wait up to 4 months after the case settles?

If we could not/did not request final lien from Medi-cal Signup and view all the answers

Where are all settlement documents initially saved?

'Defendant’s Insurance' folder Signup and view all the answers

Where are all settlement documents saved once the case is settled?

'Settlement/Case Handler' folder Signup and view all the answers

What is the purpose of the 'Settlement/Case Handler' folder?

To save all settlement documents once the case is settled Signup and view all the answers

What is the purpose of the 'Defendant’s Insurance' folder?

To initially save settlement negotiations related documents Signup and view all the answers

Which letter provides information about the maximum amount that the defendant's insurance policy is obligated to pay for damages?

Policy Limit Disclosure Letter Signup and view all the answers

When is the Policy Limit Disclosure Letter sent?

Whenever the case settles for policy limits Signup and view all the answers

What is the purpose of the Bodily Injury (BI) Release Forms?

To release the defendant and their insurance company from any future liability Signup and view all the answers

Under what conditions can a UM/UIM claim be pursued?

If the UM/UIM insurance coverage exceeds DEF's insurance coverage Signup and view all the answers

What is the purpose of the Settlement Letter from Defendant's Insurance?

To outline the terms of the settlement agreement Signup and view all the answers

When can a UM/UIM claim be pursued?

If there is no defendant's insurance coverage Signup and view all the answers

What must be obtained as evidence to pursue a UM/UIM claim?

Declaration pages and Settlement check from DEF's insurance Signup and view all the answers

What is the purpose of the UM/UIM plaintiff's insurance coverage?

To request additional compensation from the plaintiff's insurance whenever DEF's coverage is not enough to cover medical expenses Signup and view all the answers

SETTLEMENT PROCESS: Key Documents to Close and Distribute a Case

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Questions and Answers

Which document allows you to waive the need to conduct a search for the defendant's assets to determine their financial status?

When should the Affidavit Waiver for Asset Search be signed?

What information do Declaration Pages from Defendant's Insurance provide?

What is the purpose of Settlement Checks?

What do Medi-Cal Final Liens represent?

When does the client have to wait up to 4 months after the case settles?

Where are all settlement documents initially saved?

Where are all settlement documents saved once the case is settled?

What is the purpose of the 'Settlement/Case Handler' folder?

What is the purpose of the 'Defendant’s Insurance' folder?

Which letter provides information about the maximum amount that the defendant's insurance policy is obligated to pay for damages?

When is the Policy Limit Disclosure Letter sent?

What is the purpose of the Bodily Injury (BI) Release Forms?

Under what conditions can a UM/UIM claim be pursued?

What is the purpose of the Settlement Letter from Defendant's Insurance?

When can a UM/UIM claim be pursued?

What must be obtained as evidence to pursue a UM/UIM claim?

What is the purpose of the UM/UIM plaintiff's insurance coverage?

Which type of insurance coverage does the client need to be advised about the possibility of waiting up to 4 months after the case settles?

How long can it take to open Medi-Cal liens?

How long can it take for the final Medi-cal lien to be produced and released?

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