Oct. 15, 2008: NSSTA Issues Free Summary of Structured Settlement Security
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For those settling a physical injury or wrongful death lawsuit, the current financial uncertainty raises several urgent issues. What are the additional protections that a structured settlement has over a lump sum settlement? Why should plaintiffs who chose a structured settlement feel secure about the payments that will fund their future living and medical needs?
To provide some insight into these and other issues, the National Structured Settlements Trade Association issued today a free hand-out, Structured Settlements: Financial Protection During Economic Crisis.
To access this document, please click HERE.
NSSTA’s hand-out describes the multiple layers of financial protection that surround a structured settlement annuity. This includes state consumer protection regulations and elevated levels of capital surplus levels to ensure all payments will continue.
As New York State Insurance Commissioner Eric Dinallo said in Congressional Testimony on October 7, 2008, “The primary goal of insurance regulation is to protect policyholders by ensuring that providers of insurance are solvent and able to pay claims on policies they issue.”
This hand-out is the first in a series of free informational documents that the NSSTA issues in the coming months.
The National Structured Settlements Trade Association (Return to NSSTA News and Media Resource Page
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