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Missouri Structured Settlement Protection Act
REVISED STATUTES OF MISSOURITITLE XXVI. TRADE AND COMMERCECHAPTER 407. MERCHANDISING PRACTICES§ 407.1060. Definitions.As used in sections 407.1060 to 407.1068, the following terms mean:(1) “Annuity issuer”, an insurer that has issued an annuity contract to be used to fund periodic payments pursuant to a structured settlement; (2) “Code”, the United States Internal Revenue Code, United States Code Title 26, as amended from time to time; (3) “Discounted present value”, the fair present value of future payments, as determined by discounting such payments to the present using the most recently published applicable federal rate for determining the present value of an annuity, […]