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Time limit to payout

I was knocked off my motorbike at the end of October 2017. The driver accepted responsibility and my insurer put my claim through a Claims Management company. My insurer has said the bike is a write off (I am covered third party only) but I have yet to get either the money or my bike back. It appears the driver's insurer has yet to report on what they are going to do (repair or write -off).
It is now more than 4 months and I have no bike and no payout. Is there a time limit on how long the other party can prevaricate?

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