Members of the NSSTA voted to amend its bylaws at its 2006 Annual Meeting in Rio Grande Puerto Rico, yesterday. The result is a clarification of the NSSTA's mission statement to the public as follows:
"To promote the establishment and preservation of structured settlements in order to provide long-term financial security to personal injury claimants and their families through periodic payment compensation. The Association shall promote utilization of periodic payment arrangements generally as a tool for resolving claims. The Association shall carry out its duties through public advocacy, legislative action and educational programs" (excerpt from Article I section 3)
NSSTA Membership Qualifications (change to Article II Section I)
"any business, organization or individual that (a) is engaged in activities that advance the Association's mission, as set forth in Article I, Section 3; and (b) is not engaged, directly or through a related party, in other activities that are incompatible with such mission"
NSSTA Confirmation of Continuing Eligibility to be NSSTA Member
At the Association's request, which may not be made more often than annually, any member of the Association shall provide written confirmation of such member's continuing eligibility under the Association's membership qualifications, a set forth in Article II, Section 3.
The vote by NSSTA membership should make it crystal clear to the public what is the structured settlement industry.
Leave a Reply