Insurance Settlement Agreement Template for Hong Kong

1. Installment Payment Terms: Used when settlement is to be paid in installments rather than lump sum

2. Multiple Claimant Provisions: Required when settlement involves multiple claimants or beneficiaries

3. Future Medical Expenses: Used in personal injury cases where future medical costs are part of settlement

4. Ongoing Obligations: Required when either party has continuing obligations post-settlement

5. Indemnification: Used when one party needs to indemnify the other against future claims

6. Regulatory Reporting: Required when settlement needs to be reported to regulatory authorities

7. Assignment: Used when rights under the settlement may need to be assigned

8. Dispute Resolution: Detailed ADR provisions if not using standard jurisdiction clause

1. Schedule 1 - Original Insurance Policy: Copy or details of the original insurance policy

2. Schedule 2 - Claim Details: Summary of the claim and relevant documentation

3. Schedule 3 - Payment Schedule: Detailed payment terms if installment payments apply

4. Schedule 4 - Release Documentation: Forms and documents required for release of claims

5. Schedule 5 - Authorized Signatories: List of authorized signatories for corporate entities

6. Appendix A - Supporting Documents: Key documents supporting the claim and settlement

7. Appendix B - Calculation of Settlement Amount: Detailed breakdown of how settlement amount was calculated