by John Darer CLU ChFC MSSC CeFT RSP CLTC
SC Governor Henry McMaster signed a more stringent and comprehensive bill at enhancing protections for SC structured settlements
The new law safeguards severely injured accident victims and their families who rely on long-term structured settlement payments from lawsuit settlements involving traumatic brain injuries and other serious injuries.
The bill S259, passed the South Carolina General Assembly on May 5, 2023.and was signed into law on May 16, 2023. Download SC Bill 259 Structured Settlement Payments
“This is a much needed step to ensure that our most vulnerable South Carolinians are no longer preyed upon by unscrupulous flim-flam artists,” McMaster said in a statement referring to structured settlement factoring companies that buy structured settlement payment rights for pennies on the dollar. Source: The State SC changes law to protect accident victims’ money from abuse | The State May 17, 2023
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What is a Flim-Flam Artist?
The Urban Dictionary defines “flim flam” as scam or swindle.
Merriam Webster defines flim flam artist as “a criminal who steals money from people by tricking them” Flimflam artist Definition & Meaning – Merriam-Webster
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