Which of the following is NOT true about a scheduled payment release?

The statement that a scheduled payment release cannot be used with Workers' Compensation claims is not true. In fact, scheduled payment releases are commonly associated with Workers' Compensation claims. These releases denote agreements where payments to the claimant are structured over time rather than provided as a lump sum, which is a common practice in the workers' compensation system.

Scheduled payment releases allow for a more manageable and predictable approach to compensatory damages, accommodating ongoing medical treatment costs and potentially lost wages due to work-related injuries. Hence, the use of scheduled payments is not only permissible but also frequently utilized in these types of claims, making the assertion that they cannot be applied to Workers' Compensation claims inaccurate.

Understanding the nuances of scheduled payment releases is crucial for adjusters, as this knowledge impacts negotiations and settlements, emphasizing the need for clarity in such agreements within the framework of workers' compensation laws.