Minnesota § 60A.975 DEFINITIONS

Minnesota Statutes

§ 60A.975 — DEFINITIONS

Minnesota § 60A.975

PartINSURANCE

Ch. 60AGENERAL INSURANCE POWERS

This text of Minnesota § 60A.975 (DEFINITIONS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 60A.975 (2026).

Text

Subdivision 1.Application.
For purposes of sections60A.975and60A.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.

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Subdivision 1.Application.
For purposes of sections60A.975and60A.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.