Advisory Opinion:
1286
Year Issued:
1989
RPC(s):
Subject:
Receipt of settlement check for more than agreed upon amount; duty to clarify
The Committee reviewed your inquiry concerning your receipt of a settlement release and a check in the amount of $5000.00, when the agreed settlement was $4,000.00. The Committee was of the opinion that you have an obligation to clarify with the adjuster whether the adjuster intended the case to be settled for $4,000.00 or $5,000.00. If the $5,000.00 payment was made in error, then the Committee was of the opinion that you must return the extra $1,000.00, and that, in addition, you should get the settlement agreement amended to reflect the actual settlement.
***