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Oregon Court of Appeals Enforces Anti-Assignment Language

From the article - "The decision is significant because, although there are numerous decisions that stand for the proposition that anti-assignment language is valid, there have been fewer such cases lately. A decision such as this, from an appellate court and which applies California law where previously there was uncertainty, is helpful to annuity owners and issuers seeking to maintain their rights."

Notes From Take the Hill

Notes from Take the Hill

by Susan R. Clark

On March 7th, NSSTA industry leaders converged on Washington D.C. in an effort to meet with members of the Ways and Means Committee and other key ranking U.S. Representatives in a concerted effort to discuss the importance of our structured settlement industry and why our two main Tax Codes should not be in the “special interest pile” when tax reform occurs. Fifty two NSSTA members from several member firms, the NSSTA Board of Directors, and life insurance company representatives attended the meetings and AAPD Gala, led by Eric Vaughn.

AAPD NSSTA Policy Statement

NSSTA/AAPD Joint Policy Statement

Structured settlements have been widely used in the tort area for more than three decades, and in worker’s compensation for over a decade. In a structured settlement, a voluntary agreement is reached between the parties under which the injured person receives damages in the form of a stream of periodic payments tailored to his or her future medical expenses and basic living needs from a well-capitalized, financially experienced institution.

NSSTA AAPD Press Release

NSSTA and the AAPD Sign a New Policy Statement on Structured Settlements

The National Structured Settlements Trade Association (NSSTA) is pleased to announce that the AAPD Policy Committee has unanimously approved a new joint statement about how structured settlements help to enable the newly injured to live with dignity, independence and freedom from reliance on government programs in the future.