R20-5-220. Settlement Agreements, Compromises and Releases

A. No settlement agreement, compromise, release, waiver of rights, or full and final settlement of a workers’ compensation claim, will be valid unless approved by the Commission. B. The acceptance of any payments or the signing of a settlement agreement, compromise, release, waiver of rights, or full and final settlement, unless approved by the Commission, shall not release the employer or the insurance carrier from any obligation imposed by the Workers’ Compensation Law. C. The carrier or employer shall not be entitled to a credit for any sums paid to an employee under a settlement agreement, compromise, release, waiver of rights, or full and final settlement which has not been approved by the Commission.