A structured settlement, properly executed between or among all parties to the claim, when filed in the board's office in the period after an award has been entered but before it becomes final, or suit is filed, will serve to set aside the award as of the date the structured settlement is filed. If the board subsequently fails to approve the settlement, then the original award will be re-entered immediately (effective 1987).

Source Note: The provisions of this §56.70 adopted to be effective December 21, 1987, 12 TexReg 4529.