Prawo i regulacje · 15.04.2003

Minimum Qualifications for Annuity Brokers in Connection With Structured Settlements Entered Into by the United States

This rule sets forth the "minimum qualifications" an individual annuity broker must meet to be included on the list of annuity brokers established by the Department of Justice and transmitted to all United States Attorneys that will identify brokers who may provide services in connection with structured settlements entered by the United States. It also sets forth procedures to apply for inclusion on the list. Structured settlements allow the Department to resolve litigation by purchasing an annuity policy or making a series of payments rather than by paying a lump sum.