At the request of several counsel, a change has been made to the Level 2 release. Your client will have the option to accept the L2 offer at 4.3% which is eligible for a supplemental payment should one be made or the L1 $600 Cash Discount Payment. They should initial their selection and sign the release.
With the recent change in the Manville Trust Pro Rata share, the pro rata payment amount for a Level 2 claim is $516, less than a Level 1 Cash Discount Payment of $600. Therefore, the Trustees will offer the option of accepting the Level 2 value, which is eligible for a supplemental payment should one be paid, or accepting the Level 1 $600 cash discount payment. For electronic filers you will see the following options on the Offer Status Page:
ACC – Offer Accepted as L2 $516 eligible for supplemental payment
AL1 – Offer Accepted as L1 $600 cash discount payment
The proper release will generate once an option is selected. If you file on paper with CRMC, a representative will contact you prior to the issuance of an offer for your selection so the proper offer and release documents are sent.
The Manville Trust has reduced its pro rata payment percentage. Please view the notice.
Policy Changes – COVID 2019
Temporary Policy Changes Regarding (a) Release Signatures and (b) Enforcement of Time Limitations
The Manville Trust’s current policy is that a release must be signed by the injured party or personal representative and notarized by a notary or witnessed by two individuals not related by blood or marriage.
The Trustees of the Manville Trust are aware that these are difficult and unusual times. Some filers may not be able to meet the requirements for certain Trust claims due to illness, quarantine or shelter in place orders. Therefore, for the next 120 days from the date of this notice or until further notice by the Trust, whichever occurs later, the following temporary policies will be in place.
- A release document may be signed by the Injured Party or Personal Representative (when the injured party is deceased) and one witness who may be related by blood or marriage.
- The timeframe for responding to notices of offer, deficiency, deactivation, and withdrawal has been tolled.
- The statute of limitations period for filing a claim is tolled.
These policy changes are the result of the current pandemic crisis and are designed to provide temporary measures to assure claimants that claims handling will continue during the crisis.
Permanent Policy Changes Regarding Electronic Signatures:
- The Trust will accept any document requiring a signature that has been signed utilizing DocuSign or other electronic signature software provided the law firm has an electronic filer agreement on file with CRMC.
- The Trust is adding language at the end of the release so that the release need not be notarized or witnessed. A notice will be sent once this change is in place.
The Manville TDP was amended by adding a new sentence to the end of Section H.8, providing that excess Maximum Annual Payment funds remaining at the end of a year will roll over and be available to pay claims in the following year.
The Manville Trust has reached its Maximum Annual Payment (MAP) amount for 2019. Therefore, any claim with a status of “Awaiting Offer Funding” will not receive payment until 2020. Claims at this status will be carried over to 2020 and placed at the head of the FIFO payment queue. Please refer to the 2002 TDP Section H.8 for further details.
Per Manville’s TDP, the Trust’s distribution to all claimants for the first nine months of a year shall not exceed 85% of the Maximum Annual Payment (MAP) determined for that year. Manville has reached this limit for 2019. Therefore, any claim with a status of “Awaiting Offer Funding” will not receive payment until October of 2019. Please refer to the 2002 TDP Section H.8 for further details.
The Manville Trust’s New York office, which among other things responds to subpoenas of claims records, has moved, as of March 18, 2019. Its new address is:
Manville Personal Injury Settlement Trust
P.O. Box 270
1132 Main Street, Suite 4
Peekskill, NY 10566
Email and phone remain unchanged:
Additional information regarding subpoenas of Manville Trust claims records can be found under the Manville documents tab, in the “Third Party Discovery” FAQ document.