§ 26-33-107 — Settlements

Any settlement of a claim against a physician exceeding fifty
thousand dollars ($50,000.00) or limits of other underlying
coverage if greater shall be carried out through agreement
jointly by the claimant, the insurance carrier and the
commissioner. If the claimant settles with the insurance
carrier, without including the commissioner in the settlement
agreement, the claimant waives any claim for damages exceeding
fifty thousand dollars ($50,000.00) or limits of other
underlying coverage if greater arising from the incident for
which the claim is made.