Producer Companies and Professionals (Consultants)
Producer membership is on a company basis, with dues constituting an obligation of the company, and is scaled on the number of principals, partners and producers in the firm. Each member company is responsible to ensure that all of its partners, managers, licensed brokers and other professionals who benefit from the work of NSSTA are included in the company dues scale. The sample below indicates the dues calculation for a company with two partners and three producers.
| Dues Type | Amount | Total Dues |
|---|---|---|
| Company | $ 3,000 | $ 3,000 |
| 2 Partners | $ 2,000 per person | $ 4,000 |
| 3 Producers | $ 2,000 per person | $ 6,000 |
| Total Dues | $ 13,000 |
Provider Companies (Insurance Companies)
Provider company dues are scaled based on their most recent annual premium volume of all products used to fund structured settlements for the past calendar year. This amount covers NSSTA membership for all structured settlement professionals employed by each Provider firm. Column one of the scale below includes the combined premium volumes of all such companies within the corporate fleet.
| Premium Volume | # of Professionals | Dues |
|---|---|---|
| $0 –$49 million | Unlimited | $15,000 |
| $50 - $124 million | Unlimited | $20,000 |
| $125 - $249 million | Unlimited | $25,000 |
| $250 - $374 million | Unlimited | $30,000 |
| $375 - $499 million | Unlimited | $35,000 |
| $500 - $624 million | Unlimited | $40,000 |
| $625 –$749 million | Unlimited | $45,000 |
| $750 –$874 million | Unlimited | $50,000 |
| $875 –$999 million | Unlimited | $55,000 |
| $1 billion - $1,124 billion | Unlimited | $60,000 |
| $1,125 billion - $1,249 billion | Unlimited | $65,000 |
| $1,250 billion - $1,374 billion | Unlimited | $70,000 |
| * Greater Volume |
* For combined premium volume greater than $1,375 billion, please add $5,000 in dues for each additional $125 million increment of combined premium volume with unlimited # of Professional Members.
Practitioner Companies (Claims Companies)
Practitioner companies include property/casualty insurance companies, self-insured companies, adjusting firms and the like whose claims work benefits from the efforts of NSSTA. Dues for these firms are a flat $1250 per company.
Associate Members
Associate members are individual professionals who are not eligible to be a Professional Member. Associate membership is not open to those who serve as a producer, provider or user of products or services to the structured settlement market place as these individuals would fall into other membership categories. Dues for Associate members are a flat $1,850 per individual. Associate membership is on an individual basis and confers no membership rights on anyone other than the dues payer.
Business Support
In a creative effort to promote deeper engagement within NSSTA’s Producer membership category; the NSSTA Board of Directors and NSSTA voting organization members, have approved an amendment to the NSSTA By-Laws that would establish a new Business Support category. This new membership category would permit those who serve in a business support role for a Producer or a Producer Organization to be part of NSSTA and eligible to:
- • Receive all NSSTA member communications
- • Be included in the NSSTA membership database
- • Attend NSSTA meetings and conferences
- • Serve on NSSTA Committees
- • Pay reduced membership dues at $350 per year
Click here to fill out the NSSTA Membership Application.
