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The Kansas Structured Settlement Protection Statute
The Kansas Structured Settlement Protection StatuteHouse Bill No. 2160AN ACT concerning structured settlements; enacting the structured settlement protection act”. Be it enacted by the Legislature of the State of Kansas: Section 1. For purposes of this act: (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 present value” means the present value of future payments determined by discounting such payments to the present […]