title = "Payment Processing"

content = """
Payment processing ensures timely and accurate disbursement of settlement funds while maintaining compliance with regulatory requirements and company financial controls.

**Payment Authorization:** Obtain appropriate management approval for settlements exceeding individual authority limits. Document approval rationale and authority level in claims file.

**Payee Verification:** Confirm payee identity and authority to receive payment. Implement additional verification procedures for high-value payments or unusual payee circumstances.

**Payment Methods:** Select appropriate payment instruments based on amount, urgency, and payee preferences. Utilize electronic funds transfer for efficiency while maintaining check options for specific circumstances.

**Tax Considerations:** Account for tax withholding requirements on structured settlements, interest payments, or other taxable settlement components. Provide appropriate tax documentation to payees.

**Release Forms:** Obtain signed release forms, settlement agreements, and supporting documentation prior to payment issuance. Ensure release language adequately protects insurer interests.

**Stop Payment Procedures:** Maintain capability to stop payments when errors are discovered or additional information requires settlement modification.

**Payment Tracking:** Record payment details including amount, date, method, and confirmation numbers. Monitor for delivery confirmation and follow up on any payment delivery issues.
"""

version = "0.0.1"
