CPLR § 5047

Settlements

§ 5047. Settlements. Nothing in this article shall be construed to limit the right of a plaintiff, defendant or defendants and any insurer to settle property damage, personal injury or wrongful death claims as they consider appropriate and in their complete discretion.

Official sourcehttps://www.nysenate.gov/legislation/laws/CVP/5047

In plain English

Nothing in this article limits the right to settle property-damage, personal-injury, or wrongful-death claims however the parties and insurers see fit, in their complete discretion. ★

Marked in the text: penalties, time limits, sums of money. Editorial emphasis added by this edition; it does not appear in the statute as enacted.

In print

This provision appears in Volume 2 — The JG-22 CPLR and in Volume 1 — The JG-22 in Plain English.