§ 34-50-2-1 “Interested party”
§ 34-50-2-2 “Structured settlement”
§ 34-50-2-3 “Transfer”
§ 34-50-2-4 “Transferee”
§ 34-50-2-5 Court approval of transfers required
§ 34-50-2-6 Disclosure statements
§ 34-50-2-7 Final orders; findings
§ 34-50-2-8 Applications for approval of transfers
§ 34-50-2-9 Effect of disapproval of transfers; waiver prohibited; unlawful transfers
§ 34-50-2-10 Immunity
§ 34-50-2-11 Failure to provide disclosure statement as incurable deceptive act
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Terms Used In Indiana Code > Title 34 > Article 50 > Chapter 2 - Annuity Structured Settlements

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Dependent: A person dependent for support upon another.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • interested party: refers to :

    Indiana Code 34-50-2-1

  • Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Service of process: The service of writs or summonses to the appropriate party.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • structured settlement: means periodic payments of damages established by a settlement or a court judgment in resolution of a tort claim for personal injury. See Indiana Code 34-50-2-2
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • transfer: means a:

    Indiana Code 34-50-2-3

  • transferee: means a party acquiring or proposing to acquire structured settlement payment rights through a transfer agreement. See Indiana Code 34-50-2-4
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.