Hank Patterson is one of the co-chairs for today's NCAJ 16th Annual CLE on Workplace Torts and Workers' Compensation. Hank is also speaking and presenting a paper entitled Structured Settlement Annuities and the N.C. Life and Health Insurance Guarantee Association.
Summary: From the perspective of the North Carolina Life and Health Insurance Guaranty Association, Senate Bill 780, enacted by the 2009 General Assembly did not accomplish its basic purpose of expanding coverage to structured settlement annuity payees. We concur. An additional amendment will be required to assure that annuity payees who are residents of North Carolina have the protection of the Guaranty Association.