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: Structured Settlements 4Real

Hartford P&C Structured Settlement Program Makes Positive Changes

By John Darer

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Positive changes have been made with respect to Hartford's structured settlement program.

  1. If a structured settlement annuity is being considered, the broker must provide to the claimant at least two different annuity company quotes for the claimant to make a decision. 

  2. There is no requirement to place (or quote) a Hartford Life annuity.

  3. There will be no approved life company list.

  4. The broker will determine (based on jurisdiction) whether there is a requirement for A+ vs A ratings.

8 settlement consulting firms provide are authorized to provide consulting services to the Hartford P&C.

This author welcomes the above changes and believes that it will lead to a healthier structured settlement industry.


 

Full post as published by Structured Settlements 4Real on September 24, 2009 (boomark / email).

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