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The Mississippi Structured Settlement Protection Statute
The Mississippi Structured Settlement Protection StatuteMISSISSIPPI CODETITLE 11. CIVIL PRACTICE AND PROCEDURECHAPTER 57. STRUCTURED SETTLEMENTS § 11-57-1. Short title This chapter shall be known and may be cited as the “Structured Settlement Protection Act.” § 11-57-3. Definitions The following words and phrases shall have the meanings ascribed herein, unless the context clearly indicates otherwise: (a) “Annuity issuer” means an insurer that has issued a contract to fund periodic payments under a structured settlement. (b) “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. (c) “Discounted […]