Standards for prompt, fair and equitable settlement of motor vehicle physical damage claims. While you can legally accept an insurance payout without the help of a lawyer, it is only recommended for those who have minor injuries and losses.Sample of a Cash Settlement Letter. We examined 288,846 civil cases that were filed in a sample of 52 districts. An Allocation Statute is not required to address all three (3) types of funds comprising the Settlement Fund or all default provisions. This Statement of Additional Information (SAI) is not a prospectus. How to Send a Demand Letter to an Insurance Company. Pursuant to the telephone conversation we had on (date), please allow this letter to confirm we have agreed to settle my claim that is referenced above. Spouses, parents, siblings and children often need documents notarized but can you serve as a family member's Notary without bias? It is crucial that you provide as much detail as possible when filling out your application.