When it comes to ratings there is more than one way to "skin a life insurance company".
If enacted, Texas HB3771 would remove longstanding reliance on threshold ratings from A.M. Best, Standard & Poors, Moodys when a judge's approval is required to establish a structured settlement.
If enacted, SECTION
1. Section 142.009, Property Code
, would be amended at Subsection (b) and adding Subsection (c) to read as follows:
(b) In approving an insurance company under Subsection (a)(3), the court may consider whether the company:
(1) holds an issuer credit rating equivalent to a NAIC 1 designation from a national or international rating agency that [organizations]:
(A) has registered with the Securities and Exchange Commission ;
(B) is designated as a nationally recognized statistical rating organization ; a nd
(C) is on the list of Credit Rating Providers by the Securities Valuation Office of the National Association of Insurance Commissioners
(c) The presiding judge may resolve disputes regarding which company will provide the annuity contract for a structured settlement by making a determination that is in the best interests of the beneficiary of the structured settlement, taking into account factors customarily considered in making a determination under Section 141.004, Civil Practice and Remedies Code.4structures.com, LLC
The Structured Settlements and Settlement Planning Company
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Structured Settlement Experts and Settlement Planning Consultants for settlements from claims or lawsuits arising out of Aviation accidents, Medical Malpractice, settlements involving Serious Personal Injury, Wrongful Death, Wrongful Incarceration, Employment, Civil Rights, Discrimination of any type, Auto accidents, Motorcycle accidents, Maritime accidents, Workers' Compensation, Product Liability, Real Estate Liability, Construction Defect claims or lawsuits, Landlord/Tenant,
Property, Attorney Fee Deferrals, Funding Agreements, Structured Installment Sales, Environmental Liability and Commercial Dispute settlements.
Structured settlements and structured settlement brokerage, settlement planning, Sudden Money®, financial transitionist, funding agreements and insurance related services provided by 4structures.com LLC.
Financial Advisory Services provided through Groove Financial Advisors , LLC, and its service partners.
Fiduciary services, including the custody and administration of trusts provided via service partners.
Securities and Insurance Products are NOT Insured by the FDIC, nor by any other Federal or State Government Agency, are NOT a Deposit of and are NOT Guaranteed by a Bank or any Bank Affiliate, and securities MAY lose value.
4structures (USPTO Reg. 4640532) , 4structures.com (USPTO Reg. 4640531) , We Know Structured Settlements (USPTO Reg. 3089738),
Because Certain Sells (USPTO Reg. 6237309) and We Know Structured Sales (USPTO Reg. 3490489), are Registered Trademarks of 4structures.com LLC.
John Darer is a Registered Trademark of John Darer (USPTO Reg. 4674907)
John Darer California insurance license 0761076
4structures.com LLC CA license OF19785 d/b/a 4structures Settlement Insurance Agency