This new notice requirement is intended advise a claimant of settlements of her claims and to prevent an injured claimant from being defrauded by counsel who may be tempted to forge the signature of his client, the claimant, and endorse a settlement check to himself unbeknownst to the claimant. The Bulletin, however, does not create a private cause of action against the insurer for an insurer’s failure to provide such notice , nor does it create a defense to any claim for any party to any cause of action based upon the insurer’s failure to provide such notice.
The Bulletin requires certain items that must be included in the notice to the claimant, including the statement “If you have any questions about this notice, please contact your attorney.”
Click here to read the Bulletin.