Full Commutation Of Benefits {14-0013}

FULL COMMUTATION OF BENEFITS UNDER IOWA CODE §§ 85.45, 85.47. This form is used for the application to the Iowa Workers' Compensation Commissioner for the full commutation of future workers' compensation benefits to a present-worth lump-sum payment. It is submitted by both the claimant and defendant (employer/insurance carrier) under Iowa Code sections 85.45 and 85.47. The parties seek approval for this commutation, which involves the calculation of the claimant’s entitlement to benefits, including temporary partial disability (TPD), healing period (HP), permanent total disability (PTD), and/or death benefits, and the present-day dollar value of future payments. It also addresses medical care needs and funds distribution. The claimant releases the defendant from future liability once the commutation is approved. www.FormsWorkflow.com