title = "Settlement Calculation"

content = """
Settlement calculation transforms damage assessments and coverage determinations into specific compensation amounts, requiring mathematical precision and adherence to contractual and regulatory requirements.

**Coverage Limit Application:** Apply appropriate policy limits, sub-limits, and aggregate limits to loss calculations. Account for any prior payments or settlements that may reduce available coverage.

**Deductible Calculation:** Determine applicable deductibles based on policy terms and loss type. Calculate remaining deductible amounts when multiple claims occur within a policy period.

**Depreciation Factors:** Apply depreciation percentages to determine actual cash value settlements. Consider property age, condition, useful life expectancy, and market depreciation standards.

**Tort Thresholds:** Evaluate no-fault thresholds and tort eligibility requirements in applicable jurisdictions. Calculate damages above threshold amounts when tort rights are available.

**Structured Settlements:** Consider structured settlement options for large or long-term loss scenarios. Evaluate tax implications and investment return assumptions affecting present value calculations.

**Interest Calculations:** Apply contractual interest rates for overdue payments as specified in policy terms. Account for statutory interest requirements in applicable jurisdictions.

**Final Settlement Review:** Perform comprehensive calculation verification including mathematical accuracy, policy compliance, and consistency with similar settlements within the organization.
"""

version = "0.0.1"
