talkingsettlements.com - Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and Commentary

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by John Darer CLU ChFC MSSC CeFT RSP CLTC

South Carolina Gov. Henry McMaster signed a more robust comprehensive structured settlement protection reform bill May 16, 2023, that protects severely injured accident victims and their families who receive long-term structured settlement payments arising from settlements of lawsuits for traumatic brain injuries, and other injuries. The bill S259, passed the South Carolina General Assembly on May 5, 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 art ists,” 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