Okla. Stat. tit. 85A, § 85A-115: Joint Petition for settlement

A. If the employee and employer shall reach an agreement for

the full, final and complete settlement of any issue of a claim

pursuant to this act, a form designated as "Joint Petition" shall be

signed by both the employer and employee, or representatives

thereof, and shall be approved by the Workers' Compensation

Commission or an administrative law judge, and filed with the

Workers' Compensation Commission. In cases in which the employee is

not represented by legal counsel, the Commission or an

administrative law judge shall have jurisdiction to approve a full,

final and complete settlement of any issue upon the filing of an

Employer's First Notice of Injury. There shall be no requirement

for the filing of an Employee's First Notice of Claim for

Compensation to effect such settlement in cases in which the

employee is not represented by legal counsel.

B. In the event all issues of a claim are not fully, finally

and completely settled by a Joint Petition, the issues not settled

by the parties and subject to the Commission's continuing

jurisdiction must be noted by appendix to the Joint Petition or on a

form created for such purpose by the Commission. The appendix must

be signed by the parties and approved by the Commission as set forth

herein.

C. In the absence of fraud, a Joint Petition shall be deemed

binding upon the parties thereto and a final adjudication of all

rights pursuant to this title or the workers' compensation law in

effect at the time of the injury or final order of the Workers'

Compensation Commission. An official record shall be made by an

official Commission reporter of the testimony taken to effect the

Joint Petition.

D. A good-faith effort shall be made on the part of any

insurance carrier or group self-insured plan to notify an insured

employer of the possibility of and terms of any settlement of a

workers' compensation case pursuant to this section. Written

comments or objections to settlements shall be filed with the

Commission and periodically shared with the management of the

applicable insurer. A written notice shall be made to all

policyholders of their right to a good-faith effort by their insurer

to notify them of any proposed settlement, if the policyholder so

chooses.