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Current as of January 01, 2025 | Updated by Findlaw Staff
A. The commission may allow commutation of the compensation awarded pursuant to § 23-1044, subsection B to a lump sum payment of not to exceed twenty-five thousand dollars, with or without the consent of the carrier liable for the commutation, under such rules, regulations and system of computation as it devises for obtaining the present value of the compensation.
B. The commission may allow commutation of compensation pursuant to § 23-1044, subsection C, and § 23-1045, subsections B, C and D, to a lump sum of not to exceed twenty-five thousand dollars for commutation requests made before July 1, 1987, fifty thousand dollars for commutation requests made from and after June 30, 1987 but before July 1, 2007 and one hundred fifty thousand dollars for commutation requests made from and after June 30, 2007, with the consent of the carrier liable to pay the claim, under such rules, regulations and system of computation as it devises for obtaining the present value of the compensation.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 23. Labor § 23-1067. Commutation of compensation to lump sum payment - last updated January 01, 2025 | https://codes.findlaw.com/az/title-23-labor/az-rev-st-sect-23-1067/
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