Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
60A.975 DEFINITIONS.
Subdivision 1. Application. For purposes of sections 60A.975 and 60A.976, the definitions
in this section have the meanings given them.
Subd. 2. Annuity issuer. "Annuity issuer" means an insurer that issues an insurance contract
used to fund periodic payments under a structured settlement agreement.
Subd. 3. Structured settlement. "Structured settlement" means an arrangement for periodic
payment of damages entered on behalf of a minor or incompetent person for personal injuries
established by settlement or judgment.
Subd. 4. Structured settlement agreement. "Structured settlement agreement" means the
agreement, judgment, stipulation, or release embodying the terms of a structured settlement.
History: 2001 c 131 s 4
Subdivision 1. Application. For purposes of sections 60A.975 and 60A.976, the definitions
in this section have the meanings given them.
Subd. 2. Annuity issuer. "Annuity issuer" means an insurer that issues an insurance contract
used to fund periodic payments under a structured settlement agreement.
Subd. 3. Structured settlement. "Structured settlement" means an arrangement for periodic
payment of damages entered on behalf of a minor or incompetent person for personal injuries
established by settlement or judgment.
Subd. 4. Structured settlement agreement. "Structured settlement agreement" means the
agreement, judgment, stipulation, or release embodying the terms of a structured settlement.
History: 2001 c 131 s 4
Official Publication of the State of Minnesota
Revisor of Statutes