DOG BITE LAW - Structured Settlements
DOG BITE LAW - Structured Settlements: "A 'structured settlement' is a settlement of a bodily injury or sickness claim in which some portion of the victim's compensation is invested in an annuity which makes one or more future periodic payments to the victim.
In a typical structured settlement for a child who was bitten by a dog, for example, the settlement funds are used to pay for the past medical treatment, attorneys fee, costs of making the claim, reimbursement of amounts expended by the parents, deposit into a blocked bank account for medical treatment until the child turns 18, and purchase of a special annuity that will make payments to the child when he turns 18 and thereafter. Those payments might cover college tuition, a down payment on a house, and yearly living expenses for some period of time. "
In a typical structured settlement for a child who was bitten by a dog, for example, the settlement funds are used to pay for the past medical treatment, attorneys fee, costs of making the claim, reimbursement of amounts expended by the parents, deposit into a blocked bank account for medical treatment until the child turns 18, and purchase of a special annuity that will make payments to the child when he turns 18 and thereafter. Those payments might cover college tuition, a down payment on a house, and yearly living expenses for some period of time. "
posted by Unknown at 7:48 PM
0 Comments:
Post a Comment
<< Home