Compromise Settlement Under Iowa Code Section 85.35(3) {14-0025}

COMPROMISE SETTLEMENT UNDER IOWA CODE § 85.35(3). This form is used in Iowa workers' compensation cases when there is a dispute between the claimant (injured worker) and the employer or insurance carrier regarding workers' compensation benefits. Instead of proceeding to a formal hearing and decision, the parties reach a full and final settlement of the claim. By signing this agreement and obtaining approval from the Iowa Workers’ Compensation Commissioner, the claimant accepts a negotiated payment in exchange for releasing the employer and insurer from any further liability related to the injury. Once approved and paid, the claimant waives any future claims or benefits under Iowa workers' compensation law for the disputed injury. If the claimant is unrepresented, additional safeguards apply, such as requiring a claimant statement and continued responsibility for previously authorized medical treatment up to the approval date. www.FormsWorkflow.com