The Illinois Structured Settlement Protection Statute 215 ILCS 153/1 § 1. Short title. This Act may be cited as the Structured Settlement Protection Act. CREDIT(S) P.A. 93-502, § 1, eff. Jan. 1, 2004. HISTORICAL AND STATUTORY NOTES Title of Act: An Act concerning structured settlements. P.A. 93-502, approved August 11, 2003, effective January 1, 2004. 153/5. Definitions § 5. Definitions. For purposes of this Act: “Annuity issuer” means an insurer that has issued a contract to fund periodic payments under a structured settlement. “Dependents” include a payee’s spouse and minor children and all other persons for whom the payee is […]