New Jersey Statutes 58:10-23.11m. Settlement of claim against fund
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Terms Used In New Jersey Statutes 58:10-23.11m
- 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.
If the source of the discharge is unknown or cannot be determined, the claimant and the administrator shall attempt to arrange a settlement of any claim against the fund. The administrator is authorized to enter and certify payment of such settlement subject to such proof and procedures contained in regulations promulgated by the administrator.
L.1976, c. 141, s. 14.