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Tender of insurance proceeds conditioned on signing a release does not waive costs or interest

In a recent appeal involving the Michigan Department of Transportation and Great West Casualty Company, the Court of Appeals again reiterated the long-standing principle that a "tender" of insurance proceeds must be unconditional in order to stop the clock on statutory interest, penalties or fees.
Thompson O’Neil, P.C.
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Traverse City, Michigan 49684
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