The South Dakota Structured Settlement Protection Statute 21-3B-1. Definitions. Terms used in this chapter mean: (1) “Annuity issuer,” an insurer that has issued a contract to fund periodic payments under a structured settlement; (2) “Dependents,” a payee’s spouse and any minor child and any other person for whom the payee is legally obligated to provide support, including alimony; (3) “Discounted present value,” the present value of future payments determined by discounting such payments to the present using the most recently published applicable federal rate for determining the present value of an annuity, as issued by the United States Internal Revenue […]