Bill > H3994

This bill modifies existing workers' compensation insurance law by establishing a new process for lump sum settlement agreements. Specifically, the bill requires an insurance company to notify an employer in writing about a proposed lump sum settlement and gives the employer 30 days to provide written consent or objection. If the employer does not respond within 30 days, their consent is automatically deemed unnecessary, and the insurer can proceed with the settlement. In such cases, the insurer must file an affidavit documenting that the employer was notified, no written objection was received, and 30 days have passed since the notice was mailed. This change aims to streamline the settlement process by providing a clear timeline and procedure for employer notification and consent in workers' compensation cases.

Labor and Employment

https://malegislature.gov/Bills/194/H3994