(a) A compromise settlement agreement must contain
the following information:
(1) that the agreement is executed on a form approved
by the division;
(2) that the agreement is accompanied by physician's
signed report of the findings of a recent examination of the employee;
(3) that the employee has achieved maximum recovery,
or that good reason exists for settlement prior to maximum recovery;
(4) that in the event of serious injury to the claimant's
eye, healing has occurred and the division was given a medical report
on whether the other eye is or may be affected; and
(5) that in all instances of severe and disfiguring
burns or lacerations, a descriptive medical report of the scars will
be submitted by either the association or claimant. In all such cases
involving injury to the face, arms, or hands, either the claimant
or insurance carrier must submit to the division a color photograph
taken after maximum healing.
(b) Compromise settlement agreements submitted to the
division must be submitted in the form and manner prescribed by the
division. The division will provide a copy of the compromise settlement
agreement to the claimant, claimant's attorney if one has been employed,
and the insurance carrier's Austin representative instead of a separate
approval notice.
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Source Note: The provisions of this §55.15 adopted to be effective November 20, 1977, 2 TexReg 4320; amended to be effective September 1, 1981, 6 TexReg 3274; amended to be effective June 1, 1993, 18 TexReg 3194; amended to be effective July 3, 2023, 48 TexReg 3505 |