A lump sum payment may be available if you have been permanently impaired as a result of your injuries.
How long does the insurer have to determine a lump sum compensation claim?
Insurers have one month to decide on a claim for lump sum compensation if the degree of permanent impairment is fully ascertainable. If additional information is needed (e.g., a report from an independent medical examiner), the insurer has two months from the date all relevant information is received to make a decision.
What does "fully ascertainable" mean?
"Fully ascertainable" refers to when the degree of permanent impairment has been agreed upon by both parties or determined by an Approved Medical Specialist.
When is a complying agreement required?
A complying agreement is a written agreement between you and the insurer regarding your assessed level of permanent impairment.
However, a complying agreement is not required when the Personal Injury Commission issues a certificate of determination.
