lumpsum.hosting-dedicated.net
A structured settlement is a financial or insurance arrangement, including periodic payments, that a claimant accepts to resolve a personal injury tort claim or to compromise a statutory periodic payment obligation.
Copyright © 2008 Hosting-Dedicated.net Inc. All rights reserved.
- Annuity
- Disability
- Internal Revenue Code
- Medicaid
- Special needs trust
- Structured sale
- Structured settlement factoring transaction
- Tort
The United States has enacted structured settlement laws and regulations at both the federal and state levels. Federal structured settlement laws include sections of the (federal) Internal Revenue Code. State structured settlement laws include structured settlement protection statutes and periodic payment of judgment statutes. Medicaid and Medicare laws and regulations affect structured settlements. To preserve a claimant’s Medicare and Medicaid benefits, structured settlement payments may be incorporated into “Medicare Set Aside Arrangements” “Special Needs Trusts."
The typical structured settlement arises and is structured as follows: An injured party (the claimant) settles a tort suit with the defendant (or its insurance carrier) pursuant to a settlement agreement that provides that, in exchange for the claimant's securing the dismissal of the lawsuit, the defendant (or, more commonly, its insurer) agrees to make a series of periodic payments over time. The insurer, a property/casualty insurance company, thus finds itself with a long-term payment obligation to the claimant. To fund this obligation, the property/casualty insurer generally takes one of two typical approaches: It either purchases an annuity from a life insurance company (an arrangement called a "buy and hold" case) or it assigns (or, more properly, delegates) its periodic payment obligation to a third party which in turn purchases an annuity.
Related Articles:
How to Trade Successfully on the Forex Market.
Why Do I Need to Get Fundamental Forex Education.
Secrets of Successful Forex Trading .
Currency Trading: Risks and Rewards.
Forex Signals and Indicators for Successful Currency Trading.
How to Earn Money with Online Forex Trading.
Popular Forex Trading Platforms – Pros and Cons.
How to Choose a Reliable Forex Broker.
What Do I Need to Get Started On the Forex Market
How to Start a Lucrative Forex Trader Career
Forex Education and Training – Benefits and Rewards
How to Create Your Own Forex Trading Strategy
How to Start Currency Trading Online
Is Forex Trading a Profitable Business for Individual Investors
How to Join the Forex Market with Minimum Investments.
Online Opportunities - Whether to Trade Forex or Not.
Related Articles:
Structured settlements were first utilized in Canada and the United States during the 1970s as an alternative to lump sum settlements. Structured settlements are now part of the statutory tort law of several common law countries including Australia, Canada, England and the United States. Although some uniformity exists, each of these countries has its own definitions, rules and standards for structured settlements. Structured settlements may include income tax and spendthrift requirements as well as benefits. Structured settlement payments are sometimes called “periodic payments.” A structured settlement incorporated into a trial judgment is called a “periodic payment judgment."