by John Darer CLU ChFC MSSC RSP CLTC
Did you know that pursuant to Section 2(1) of the 1996 Courts Act, a Court awarding damages for future pecuniary loss in respect of personal injury may order that all or a portion of damages are to take the form of periodical payments?
The power to order periodical payments may be used without the consent of the parties, in all cases not finalized prior to April 1, 2005
Mini-Glossary
Periodical Payments-UK Speak
Structured Settlements or Periodic Payments –US Speak and Canadian Speak
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