Insured Settlement Validity Based on Lack of Written Form

An insured party entered into a settlement agreement with a social insurance entity, which the insured later sought to set aside, arguing that the agreement was invalid because it had been concluded without the required procedural formality of a written document, despite the applicable administrative procedure rules suggesting that such an agreement need not be in writing. The court held that the lack of a written document did not invalidate the transaction because the procedural requirement mandated only that the agreement be formally concluded, not necessarily documented in writing, and therefore the agreement remained binding upon the parties.