New Hampshire Revised Statutes 508-B:2 – Duty of Person Making Payment
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Any person, including any insurer, who makes an advance or partial payment as described in N.H. Rev. Stat. § 508-B:1 shall, at the time of beginning payment, notify the recipient thereof in writing:
I. That the payment is not any assurance that a final settlement of the claim will be made.
II. That the period of time in which the recipient may bring an action against such person is limited by law, and what the applicable limitation period is and when it will expire.
I. That the payment is not any assurance that a final settlement of the claim will be made.
Terms Used In New Hampshire Revised Statutes 508-B:2
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
II. That the period of time in which the recipient may bring an action against such person is limited by law, and what the applicable limitation period is and when it will expire.