A settlement practice under Motor Third Party and W.C. Insurance under which the claimant agrees to a compromised liability amount (usually a lump sum compromise amount) in exchange for releasing the insurer from further liability.
The Rantings of the barely human.
A settlement practice under Motor Third Party and W.C. Insurance under which the claimant agrees to a compromised liability amount (usually a lump sum compromise amount) in exchange for releasing the insurer from further liability.