Assurance IQ TCPA Settlement Payout Date If you have faced unsolicited phone calls by Assurance IQ without any proper consent from 1 October 2018 to 6 March 2024 and you have filed a valid claim for the Assurance IQ TCPA Settlement, then you will receive your payout expected to be in 2025.
The payout can be late due to the appeal phase, verification phase, additional requirements, legal process, etc so be patience and if your Assurance IQ TCPA Settlement Payout will not arrive after the start of distribution then contact the settlement administrator immediately to confirm the delay reason.
Assurance IQ TCPA Settlement Payout Date
Assurance IQ TCPA Settlement is about the violation of the Telephone Consumer Protection Act (TCPA) between the class period from 1 October 2018 to 6 March 2024. The allegations of this settlement include unsolicited phone calls by Assurance IQ to its consumers without any proper permission and these unauthorised calls were made using artificial or prerecorded voices. To settle this class action, Assurance IQ has agreed to pay $21.875 million between class members, class representatives, court attorney,s and legal fees.
Although Assurance IQ has denied any wrongdoings, they will pay this payout to eligible claimants who have filed claim forms by the deadline of 31 July 2024. Assurance IQ TCPA Settlement was approved finally on 3 September 2024 and now people are wondering about the payout date. The exact payout prediction of any settlement is hard to do but we can expect the payout in late 2025 (if the appeal phase runs longer) according to the official website information.
After the final approval of Assurance IQ TCPA Settlement, there is an appeal and verification phase and there is no exact estimate about the end of these phases. The verification process is necessary to ensure no fraudulent claimants will get the Assurance IQ TCPA Settlement payout. These all proceedings such as the verification process, additional information requirements, and payment issuance are handled by the settlement administrator. The other details of this settlement are discussed below such as per person amount and amount delay reasons.
Assurance IQ TCPA Settlement: Why is my payment facing a delay?
If your Assurance IQ TCPA Settlement payout is facing delay and you think that all information in the claim form is accurate then you should be aware of other delay reason such as:
Appeals
I hope you all know that every settlement goes through the phase of appeals after the final hearing and for the Assurance IQ TCPA Settlement, it can be a possible and main reason for delay. The appeal phase duration always remains uncertain and it can take almost 1 year or more to end.
Verification of a High Number of Claims
If the number of claimants is higher, it means if there are a lot of members who have a field claim form for this settlement then the verification phase can take more time than expected. If the number of claims will be lower we can expect a payout soon. So, it’s clear that the verification phase can also take part in the delay of Assurance IQ TCPA Settlement.
Additional Requirements
Additional requirements are required when you have not provided accurate and valid data at the time of filing the claim form such as your contact information, your bank details, personal information, etc. So, when the settlement administrator requires additional information and the claimant takes longer to respond then the delay in their payout happens.
Calculation of Settlement Fund
As you know, this settlement will be based on a pro-rata basis so if the number of claimants is higher, firstly the verification process will take time and then the calculation will also require a longer time. If the payout of each individual will be calculated based on several factors for this payout then it can take more time to distribute the payout of Assurance IQ TCPA Settlement.
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Assurance IQ TCPA Settlement: Per Person Payout Amount
The per-person payout amount is very crucial information that must be known by eligible claimants. According to the official website details after the final hearing, the total payment of Assurance IQ TCPA settlement will be $21.875 million and the per-person payout will be between $33 to $167. The per-person payout is not confirmed yet, which means it can be changed on a pro-rata basis if the number of claimants will be higher or lower.
Only those who meet the whole eligibility criteria and file a valid claim form by the deadline will receive a payout of Assurance IQ TCPA Settlement. The pro rata basis means that the total number of approved claims can change the per-person amount. You have to stay in touch with us and the official website to get updated regarding Assurance IQ TCPA Settlement per person payout final amount and date. We hope that if you will receive a payout of this settlement then you will inform us in the comment section.
Assurance IQ TCPA Settlement: Status Check Process
The Assurance IQ TCPA Settlement status check process is significant information that you have to keep in mind and this will help you when the payout distribution will start. Your settlement payout might face delays due to above given reasons so this process will help you a lot to know where your payment is and why it’s late.
- Firstly, you have to visit the official Assurance IQ TCPA settlement website and find the contact information of the settlement administrator.
- After finding the contact information, ask them about your claim form status, and if there will be other information required then provide them to get your payout soon.
- The settlement administrator will inform you about whether it’s paid or not and other pending reasons for your payment.
Assurance IQ TCPA Settlement: Who will get the Payout?
The Assurance IQ TCPA Settlement eligibility criteria are important for those who have taken part in this class action to get a payout.
- Individuals who received unauthorised calls from Assurance IQ which were made using artificial or prerecorded voices are eligible for payout of this settlement.
- Individuals who have received these calls during the settlement class period.
- Individuals who have received notification of this settlement from the settlement administrator and have filed a valid claim form by the given deadline.
- Individuals who have not excluded themselves from this settlement class 31 July 2024 are also qualified for payout of this settlement.
