A Civil Litigation Webinar

Future Offset Rights in NY/NJ: Who Pays for What, and When?

This video is from a live webinar that took place on: Monday, May 9, 2022 at 3:00 pm EST

In this LIVE webinar, we address the often-misunderstood issue of future credit and offset rights under Section 40 in New Jersey (NJSA 34:15-40) and Section 29 in New York (WCL Section 29) when the petitioner/claimant settles their third-party case. We will examine in detail what the statutes require, what the law dictates, and how you can maximize the application of your future credit/offset rights in your claims.

We discuss the following:

What Section 40 and Section 29 say about future offset rights following a third-party settlement.
How these statutory rights have been applied by the courts.
When and how to start taking and tracking your credit/offset.
Pro tips for practitioners, subrogation specialists, and claims professionals.

Civil Litigation Webinar Series

The Civil Litigation Webinar Series, from Lois Law Firm, is held on the THIRD MONDAY of the month at 3:00 PM EST. These webinars are focused on practical claims-handling and perfect for your team members who need state-specific training or a refresher course for this jurisdiction! Each webinar features a live presentation followed by a Question & Answer session. To register for a Civil Litigation Webinar, click the button below:

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LOIS has a dedicated Civil Litigation Practice to serve general liability, premises liability, automobile liability insurance carriers and third party administrators in reimbursement claims under New York WCL § 29 and New Jersey’s Section 40 (N.J.S.A. 34:15-40). Our attorneys also regularly represent these clients’ insureds in defense of personal injury matters filed in all counties in Metropolitan New York, all counties in New Jersey and in the federal courts.