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WCMSA--Will I need to establish one?
#5
the only requirement for a settlement amount is that it be "adequate" as determined by the WCAB's review.
a commutation is required by law to allow 3% for interest saved.
there is no discount rate specified for a settlement.
a settlement generally uses a standard present value calculation as opposed to a commuted value.
I would say that many carriers use a much higher discount rate then 3% for valuing a C&R.

P.S. the carrier is not required to offer you a settlement and many uninsured/self-insured public agencies are hesitant to do so.
Reminder :
........Each state has their own comp system; POST YOUR STATE to get accurate information. Use the search feature to find information from similar questions.
THANKS FOR POSTING.
 
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RE: WCMSA--Will I need to establish one? - 1171 - 05-29-2015, 08:49 PM

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