I will defer to the Mich attys here but in my state and most others they are paid within 15-30 days of the date the settlement agreement is approved, (here it would be approved by the state div of wc) not when it is signed.
No. The Settlement must be approved by the WCA and then forwarded to the insurance company for payment. If you have an attorney, the funds will be paid to you AND your attorney so check will have to clear his bank BEFORE he can write yours.
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Workers' compensation operates according to state law. In some states judges approve all settlements and the carrier will not lawfully pay you until that happens. Some states permit a small window to change your mind and will therefore not pay you until that time passes. Some carriers' (insurance company) home offices print the bank drafts and they might be across the country and sometimes they will deliver the draft to their legal counsel for review and/or distribution. So every state is different and every case is different.
No. There is a 15 day statutory appeal period that must pass before the funds will be sent. There are circumstances, however, where the 15 day appeal period can be waived but only for a very good reason. You should plan on about 20 days before your funds arrive (4-5 days for mail delivery). Good luck.
John Connell is correct. The redemption needs to be approved by the work comp magistrate and you will get your check within 15-30 days unless the appeal period is waived by a separate hearing.
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