Compensation claim settlement notice under social security law signals proposed settlement before the competent authority. A prescribed notice form is used to inform the competent authority for Employees' Compensation or the appropriate Government of a proposed settlement of a compensation claim under the Code on Social Security, 2020. The form records that a compensation claim has been made, that the applicant is considered entitled to file an application under clause (b) or (c) of section 92(1), and that settlement is proposed in accordance with the Code.