The New York Waiver Agreement — Section 3ICLCL is a document that outlines the conditions of an agreement between the claimant and the insurance company in order to waive the right to receive payments from the Workers’ Compensation LawICLCL) in the state of New York. The agreement is typically used when an injured worker and an insurance company have reached an agreement to settle a workers’ compensation claim. There are two types of New York Waiver Agreements — Section 3ICLCL: voluntary and involuntary. A voluntary waiver agreement is signed by the claimant when they agree to waive their right to receive payments from the ICL in exchange for a lump sum payment. An involuntary waiver agreement is signed by the insurer when they are unable to pay the full amount of the benefits outlined in the ICL due to financial hardship. The agreement outlines the amount of money to be paid to the claimant and the terms of the payment.