Understanding Qualified Structured Settlement Assignment And Funds
Posted on July 24, 2008 - Filed Under Law | Leave a Comment
Find out what is a structured settlement and how it works. Read on about the cons and pros of selling structured settlements.
A structured settlement is a way to settle a personal injury or workers comp case where the injured party wins a certain amount of money and the money is setup to be distributed through a periodic payment plan.
A company that enters into a structured settlement also has to sign a separate contract called a qualified structured settlement assignment agreement. It is common practice that the insurance company that is paying out the settlement, transfer its obligations to a third party assignee.
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