Which type of release involves claim invoices being presented and paid without obtaining a separate release?

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Prepare for the New York Independent Adjuster, Motor Vehicle No-Fault, and Workers' Compensation Health Services Exam. Utilize flashcards and multiple-choice questions, each with hints and explanations. Ensure you're ready for success!

The type of release that involves claim invoices being presented and paid without the need for obtaining a separate release is known as a walk-away release. This kind of release typically allows the parties to resolve a claim and move on without the necessity of formal documentation for each payment or settlement invoice. It streamlines the process by enabling claimants to receive compensation while effectively releasing the other party from further claims related to that specific incident.

In contrast, a partial release would involve some limitations or conditions being placed on the released claims, while an open-end release would generally indicate broader terms where future claims might be difficult to ascertain or limit. A structured settlement, on the other hand, consists of periodic payments over time rather than a straightforward long-term release agreement. Each of these alternatives serves a different purpose in the claims process, but in the case of invoices being handled without a separate release, the walk-away release is the most accurate answer.

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