Structured Settlement Business definition

Structured Settlement Business means single premium individual annuity contracts issued primarily from the settlement of personal injury and worker’s compensation claims. Contractual benefits consist of periodic and lump sum benefits. There are no cash settlement options, surrender values or loans available under these contracts. For purposes of this Agreement, Structured Settlement Business shall be comprised of Period Certain Structured Settlement Business, Standard Life Structured Settlement Business and Substandard Life Structured Settlement Business.

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Structured Settlement Business. Recital A

Examples of Structured Settlement Business in a sentence

• The Per Contract Expense Allowance applies to Structured Settlement Business, Terminal Funding Business and Variable Annuity Business (including VA Annuitization Business).

• The Per Contract Expense Allowance applies to Structured Settlement Business and Variable Annuity Business (including VA Annuitization Business).