The Wisconsin Third Party Proceeds Agreement -- To be filed by the insurance carrier with the Department for approval of distribution is a document that must be filed by an insurance carrier with the Wisconsin Department of Insurance in order to receive approval for the distribution of the proceeds of a third-party claim. The agreement outlines the details of the claim, including the amount of the proceeds, the parties involved, and how the proceeds will be distributed. The agreement must be approved by the Department before the proceeds can be distributed. There are two types of Wisconsin Third Party Proceeds Agreement -- To be filed by the insurance carrier with the Department for approval of distribution: the "Standard" Agreement and the "Partial Release" Agreement. The Standard Agreement is used when all parties agree to the terms of the distribution of the proceeds, while the Partial Release Agreement is used when one or more parties do not agree to the terms of the distribution.