New Mexico Statutes 52-5-13. Approval of lump sum settlement by workers’ compensation judge
Current as of: 2023 | Check for updates
|
Other versions
The lump sum payment agreement entered into between the worker or his dependents and the employer shall be presented to the workers’ compensation judge for approval upon a joint petition signed by all parties and verified by the worker or his dependents. The workers’ compensation judge shall in every case assure that the worker or his dependents understand the terms and conditions of the proposed settlement, and he may require a hearing for that purpose. All parties shall have the right to attend any such hearing and present testimony.
Terms Used In New Mexico Statutes 52-5-13
- 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.
- Testimony: Evidence presented orally by witnesses during trials or before grand juries.