HB 470 - AS AMENDED BY THE HOUSE
13may99.....0639h
1999 SESSION
HOUSE BILL 470
AN ACT relative to settlement of personal actions.
SPONSORS: Rep. DePecol, Ches 14
This bill permits plaintiffs in personal injury or wrongful death actions, where the parties have agreed to a structured settlement, to designate a structured settlement broker and an entity to receive the structured payments.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
13may99.....0639h
99-0650
03/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord One Thousand Nine Hundred and Ninety-Nine
AN ACT relative to settlement of personal actions.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Section; Proceedings in Court; Judgments; Settlement of Personal Actions. Amend RSA 524 by inserting after section 6-a the following new section:
524:6-b Settlement of Personal Actions. In any action for personal injury or wrongful death where the parties have agreed to settlement, and where the parties have agreed that all or part of the settlement proceeds be used to provide for structured periodic payments, upon making such agreement:
I. The plaintiff shall have the exclusive right to designate a structured settlement broker to place the structured settlement; and
II. The plaintiff shall have the exclusive right to designate the insurance company or other entity to which settlement proceeds, or any portion thereof, are to be paid to fund structured periodic payments.
2 Effective Date. This act shall take effect January 1, 2000.