A claim under this subtitle shall: contain a concise statement of facts that sets forth the nature of the claim, including the date and place of the alleged tort; demand specific damages; state the name and address of each party; state the name, address, and telephone number of counsel for the claimant, if any; and be signed by the claimant, or the legal representative or counsel for the claimant. The Treasurer may: consider a claim for money damages under this subtitle or delegate wholly or partly this responsibility to other State personnel; and contract for any support services that are needed to carry out this responsibility properly. In this section, “structured settlement” means a plan for the payment of a settlement or judgment to a claimant for damages in periodic installments. Unless a contract with a private insurer provides otherwise, the Treasurer or designee may compromise and settle a claim for money damages after the Treasurer or designee consults with the Attorney General. The State may enter into a structured settlement to the extent permitted in § 12–104(a)(2) of this subtitle. If a structured settlement is entered into, the State and the claimant shall select the investment company by mutual agreement. The acceptance of a settlement by a claimant is, as to that claimant: final; and a complete release of each claim arising from the same cause of action against: the State; each of its units; and all State personnel. A claim under this subtitle is denied finally: if the Treasurer or designee sends the claimant, or the legal representative or counsel for the claimant written notice of denial by: e–mail; or regular mail, if regular mail is the only available means of notifying the claimant; or if the Treasurer or designee fails to give notice of a final decision within 6 months after the filing of the claim.