What is a Compromise and release form?

A compromise and release (C&R) is an agreement in which the insurance company pays the injured worker a lump sum check to settle the entire workers' compensation case. The value of the settlement is determined mainly by the present (and projected future) lost wages and medical care expenses.

Is a Compromise and release settlement taxable?

A Compromise and Release settlement is only available through workers' compensation. Because workers' compensation benefits are not taxable, C&R settlements are also not taxable.

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California Compromise and Release for Workers' Compensation

Compromise And Release Form

Name: Compromise And Release Form
Brand: US Legal Forms
Rating: 4.58 (402 reviews)

Category:

California Workers Compensation - Official - Releases

State:

California

Control #:

CA-15-WC

Format:

Instant download

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Description Compromise And Release California

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FAQ

A compromise and release (C&R) is an agreement in which the insurance company pays the injured worker a lump sum check to settle the entire workers' compensation case. The value of the settlement is determined mainly by the present (and projected future) lost wages and medical care expenses.

In California, the parties have a right to negotiate a Compromise and Release to resolve their claim. These settlements are often effective for both parties. In fact, most workers' compensation claims are now settled through C&Rs. It is important to note that these agreements must be approved by a judge.

Once you sign a compromise and release, your employer is released from all future liability. If the injury leads to a death in this case, your loved ones will not be able to collect benefits as a result of this release as well. Legally binding once a judge approves it.

A Compromise and Release settlement is only available through workers' compensation. Because workers' compensation benefits are not taxable, C&R settlements are also not taxable.

A Compromise and Release Agreement is a settlement which usually permanently closes all aspects of a workers' compensation claim except for vocational rehabilitation benefits, including any provision for future medical care. The Compromise and Release is paid in one lump sum to you.

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More info

This was for good reason because the document was not yet complete. This is a complete listing of all Division of Workers' Compensation Forms.The forms are also available in individual listings. Consent Form for Release of Medical Information - This is an electronic format which may be completed on-line and printed for signatures.

Compromise And Release Form

Description Compromise And Release California