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Structured Insurance Settlement

A structured insurance 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. 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"..............
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6 Comments:

Reverse Cell Phones said...

If I was lucky enough to have such a settlement.

Supplemental disability insurance said...

This is an admirable work. You have a great article Insurance Settlement.

david said...

Interesting information. Nice to hear that this Insurance settlement is getting its importance in every country and also follows its rules and standards based on the countries laws.

Personal Injury Attorney said...

Nice stuff indeed! You have provided very good information in details. It is really very informative.

UK Online Official Certificates said...

This is a positive approach ..
Thanks for sharing, I just want to know that
Is this settlement is also taking place in India??

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