Permission To Settle
Permission to Settle
What does PTS stand for?
When there is no other source of recovery, ie: claimant carrier denies coverage or the at-fault vehicle cannot be identified
When does UM apply?
The front bumper of one vehicle impacts the rear bumper of another vehicle.
What is a rear-end accident?
UIM 30/60 policy with multiple injections.
What is UM ARBI?
Within 7 Days of MDP
When should evaluations be completed?
15 Business Days
When is PTS due?
means a person residing in the same household as you, and related to you by blood, marriage or adoption, and includes a ward, stepchild, or foster child.
What is the definition of a Relative?
Multiple at-fault parties in a loss
What is shared liability?
UM/UIM, completed injection on 50k policy.
What is LLL?
Template that recaps the coverage investigation. Should be completed as soon as we verify coverage applies.
What is the UM Coverage Summary?
Underlying Carrier's Declarations Page and Release
What documents required for full scope PTS?
As soon as liability and coverage are cleared.
When should UM Coverage Summary be complete?
At least 3 liability activities
How many Liability activities are needed for a liability investigation?
Minor fracture in chest that does not qualify for LLL
What is non displaced sternum fracture?
A requirement for UM for Hit and Run with Unknown Vehicle
What is a police report?
When insured is eligible to receive UIM benefits
When is PTS required?
Texas Tort Claim Act
What does TTCA stand for?
VTL
What is a Vehicle Traffic Law?
LL claim for a family member or spouse that witnessed the accident
What is a Bystander claim?
Spouse claims the loss caused issues in Marital Life.
What is loss of consortium?
Waives our right to subrogation and rules out potential Other Insurance
Why is PTS important?
to bodily injury sustained by any person while using or occupying a motor vehicle that is owned by or available for the regular use of you or a relative.
What is 1D?
or
What is the exclusion for Regular Use?
A recorded statement of the facts of loss
What is a duty our insured is required to provide?
30/60 policy, 6 adults, 3 have one attorney, 3 have another attorney
What is Competing Interest?
An additional claim opened under the same policy due to a liability dispute
What is a bifurcated claim?