An Act relative to insurance settlements

This bill (HD 3337) changes how workers' compensation insurers handle lump sum settlement payments to injured employees. It requires insurers to notify employers in writing about proposed lump sum agreements and gives employers 30 days to either consent or object. If employers don't respond within 30 days, the insurer can proceed without consent and must file written proof confirming the notification and lack of objection. The bill directly affects insurers, employers, and workers in Massachusetts workers' compensation cases.