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The Iowa Structured Settlement Protection Statute
The Iowa Structured Settlement Protection Statute 682.1 Short title. This chapter shall be known and may be cited as the “Structured Settlement Protection Act”. 682.2 Definitions. As used in this chapter, unless the context otherwise requires: 1.”Annuity issuer” means an issuer that has issued an insurance contract used to fund periodic payments under a structured settlement. 2.”Dependents” means a payee’s spouse and minor children and all other family members and other persons for whom the payee is legally obligated to provide support, including alimony. 3.”Discounted present value” means the fair present value of future payments, as determined by discounting such […]