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The Massachusetts Structured Settlement Protection Statute
The Massachusetts Structured Settlement Protection Statute SECTION 1. The General Laws are hereby amended by adding after chapter 231B the following chapter:- CHAPTER 231C. STRUCTURED SETTLEMENT CONTRACTS. Section 1. For the purposes of this chapter the following words shall have the following meanings unless the context otherwise requires:“Annuity issuer”, an insurer that has issued an annuity contract to be used to fund periodic payments under a structured settlement.“Applicable law”, any of the following, as applicable in interpreting the terms of a structured settlement: (1) the laws of the United States; (2) the laws of the commonwealth, including principles of equity […]