Which of the following is NOT true of the no-release settlement?

The statement that it is also called an "advance payment settlement" is not true regarding no-release settlements.

In the context of no-release settlements, this term typically refers to settlements where the claimant does not have to formally release the insurer from further liability in exchange for the payment. Thus, the insurer's issuance of a check can act as a substitute for a release.

On the other hand, an advance payment settlement specifically refers to an upfront payment made to the claimant without a final settlement being reached, which may not necessarily involve the same conditions as a no-release settlement. The key difference lies in the obligations and releases associated with the payments.

Additionally, the terminology "walk-away settlement" can reflect scenarios in which the parties agree to conclude the matter amicably without further claims or settlements beyond the initial payment, which does align with the concept of a no-release settlement. Finally, the insurer paying the bills submitted by the claimant is a common practice in many settlement scenarios, but it does not change the essence of what constitutes a no-release settlement.