An application for settlement of a minor's claim that exceeds twenty-five thousand dollars ($25,000.00) shall be brought by the guardian of the estate. If the net amount of the claim for injuries does not exceed twenty-five thousand dollars ($25,000.00), the application shall be brought by the parent(s) of the child or the person having custody of the child.

The application for settlement shall be set for hearing before the assigned magistrate. The applicant as well as the minor shall personally appear at the hearing unless otherwise waived by the Court. An application for approval of settlement of claim for injuries to a minor shall be accompanied by a current statement of the examining physician with respect to the injuries sustained,

the extent of the recovery, and the physician's prognosis. Said statement shall be made within 90 days of the filing of the application for approval. If the gross amount of the settlement for injuries does not exceed ten thousand dollars ($10,000.00) then the requirement of a physician's statement is waived.

A copy of the proposed release of claims shall be attached to the application for approval of settlement of claims for injuries to a minor.