In General. A settlement offer made by an insurer pursuant to Regulation .04 of this chapter shall: State the amount being offered; Inform the claimant that, on request from the claimant, the insurer shall provide the claimant in writing: A copy of the settlement offer; The method used to arrive at the value of the motor vehicle, including identification of any books, manuals, or databases used; A detailed explanation of the insurer's calculation of the motor vehicle's total loss value, including the calculation of any value added to the motor vehicle by options; A list of all deductions that will be made from the value of the motor vehicle; and A copy of the inspection guidelines relied on by the insurer to determine the condition of the vehicle at the time of the loss; and Inform the claimant that the claimant may, in writing, reject the settlement offer and make a counteroffer in accordance with Regulation .06 of this chapter. If a claimant makes a request under §A(2) of this regulation, the insurer shall provide a response within 7 business days of the date of the request.