Settlement Agreement and Release of Underinsured Motorist Claim against the owner/operator of an underinsured vehicle as defined by the Insurance Code, as well as against the insurance carrier; with the standard terms including an abandon and dismissal of the claims against the uninsured motorist, assignment and release of claimant’s rights against the third party, to the motorist’s insurance carrier which paid the bodily injury claim, settlement and release of claim against the insurance carrier, value of the settlement payment, no admission of liability, confidentiality; conditions including conditions precedent, release and waiver of claims, covenant not to sue, hold harmless; provisions governing finality and enforceability of the agreement. 32 pages.