| (a) An agreement may be reduced to writing and sent
to the division. The agreement is effective and binding on the date
the division approves it.
(b) An oral agreement reached during a benefit contested
case hearing and preserved in the record is effective and binding
on the date made.
(c) A signed written agreement, or one made orally,
as provided by subsection (b) of this section, is binding on:
(1) an insurance carrier and a claimant represented
by an attorney through the final conclusion of all matters relating
to the claim, whether before the division or in court, unless set
aside by the division or court on a finding of fraud, newly discovered
evidence, or other good and sufficient cause; and
(2) a claimant not represented by an attorney through
the final conclusion of all matters relating to the claim while the
claim is pending before the division, unless set aside by the division
for good cause.
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