Claim Settlement Release

A Claim Settlement Release is a legal document signed by a policyholder or claimant, acknowledging receipt of a settlement payment from an insurance company and releasing the insurer from further liability in connection with the claim. The release typically includes language describing the scope of the claims being settled, as well as any conditions or limitations on the use of the settlement funds. Claim settlement releases are an important part of the claims resolution process and help to ensure finality and prevent future disputes.