If an employer or insurer and an employee reach an agreement in regard to the discontinuance or suspension of workers’ compensation benefits, the parties shall file a written suspension agreement and receipt with the department, signed by the parties, and on a form prescribed by the department. A copy of any agreement and receipt shall be delivered to each of the parties. Upon the filing of the agreement and receipt with the department, it shall be as binding upon both parties as a preliminary determination, order, or decree.

History of Section.
P.L. 1988, ch. 452, § 2.