Relating to notifications required upon making payments to settle third-party liability claims.

Requires insurer to notify claimant upon paying $5,000 or more to settle third-party liability claim if claimant is natural person and if insurer or insurer's agent or other representative, including insurer's attorney, delivers payment to claimant or to claimant's attorney, agent or other representative by draft, check or other form of payment. Provides that notice may not include more than specified contents and that notice requirement does not create cause of action against insurer or create defense for claimant's attorney against cause of action based on insurer's failure to provide notice. Authorizes insurer to communicate with claimant for purposes of providing notice even if insurer or insurer's attorney knows that claimant is represented by attorney.