After receiving the necessary documents, the BWC or IC will examine your paperwork and determine if it is acceptable. For state-funded cases, a 30-day waiting period begins on the day that the BWC mails you your settlement agreement. For self-insured cases, the 30-day waiting period begins after the IC approves the settlement. During this time, either party may change their mind about the settlement. This means that anyone can propose changes to the settlement or withdraw from it entirely.