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CONCERNING STRUCTURED SETTLEMENTS

CONCERNING STRUCTURED SETTLEMENTS Connecticut Senate Bill: 1059 Synopsis: AN ACT CONCERNING STRUCTURED SETTLEMENTS. Text: Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. (NEW) (Effective October 1, 2003) For the purposes of sections 1 to 6, inclusive, of this act: (1) ‘Annuity issuer’ means an insurer that has issued a contract to fund periodic payments under a structured settlement; (2) ‘Dependents’ include a payee’s spouse and minor children and all other persons for whom the payee is legally obligated to provide support, including alimony; (3) ‘Discounted present value’ means the present value of future payments […]

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