248(1)Where an insurer makes a payment on behalf of an insured under a contract evidenced by a Motor Vehicle Liability policy to a person who is or alleges himself to be entitled to recover from the insured covered by the policy, the payment constitutes, to the extent of the payment, a release by the person or his personal representative of any claim that the person or his personal representative or any person claiming through or under him or by virtue of the
Fatal Accidents Act may have against the insured and the insurer.