Legal Question in Legal Ethics in Georgia
If you agree to a disability settlement, How long does the insurance company have to pay the settlement?
Asked on 2/09/11, 3:31 am
1 Answer from Attorneys
Phillip M. Cook
Cook Legal Services, LLC
It depends on how the disability settlement was set up. Is it a lump sum payment? Multiple payments? An annuity? If it's a lump sum payment, the insurance company will likely have a "reasonable" period of time to pay, say 60 days or so. A time limit is something that should have been put in the disability settlement.
Best of luck.*****The above is for informational purposes only and does not create an attorney-client privilege.*********
Answered on 2/09/11, 5:35 am