HOUSE DOCKET, NO. 1544        FILED ON: 1/20/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1182

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Michael A. Costello

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An act relative to structured settlements and reserves.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Michael A. Costello

1st Essex

1/20/2011


HOUSE DOCKET, NO. 1544        FILED ON: 1/20/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1182

By Mr. Costello of Newburyport, petition (accompanied by bill, House, No. 1182) of Michael  A. Costello relative to structured settlements and reserves. Financial Services.

 

The Commonwealth of Massachusetts

 

_______________

In the Year Two Thousand Eleven

_______________

 

An act relative to structured settlements and reserves.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. The first sentence of Section 120F of Chapter 175 of the General Laws is hereby amended by inserting at the end thereof the following:- ";provided, however, that this section shall not apply to annuities issued to fund a structured settlement agreements."

SECTION 2. Sections 1-3, inclusive, of Chapter 230 of the Acts of 2008 are hereby repealed.