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IN THE COMMONWEALTH COURT OF PENNSYLVANIAN RE: Reliance Insurance Company NO. 1 REL 2001In Liquidation IN RE: Commutation, Settlement Agreement and Release betweenReliance Insurance Company (In Liquidation)
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In re commutation settlement refers to the legal process of converting a structured settlement into a lump sum payment.
The individual who is receiving the structured settlement payments is required to file for in re commutation settlement.
In order to fill out an in re commutation settlement, the individual must provide information about the structured settlement, including payment amounts and schedule.
The purpose of in re commutation settlement is to give the recipient the option to receive a lump sum payment instead of waiting for scheduled payments.
Information such as the structured settlement payment schedule, payment amounts, and any relevant court orders must be reported on the in re commutation settlement form.
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