Q: What is a qualified assignment in a structured settlement?

What is the purpose of a qualified assignment?

A:  A qualified assignment is a legal transfer of the obligation to make future structured settlement payments from the defendant or their insurance company to a third-party assignment company. This transfer allows the defendant to fulfill their financial obligation while the assignment company, typically owned by an insurance company, assumes responsibility for the payments.

Read more here: What is a Qualified Assignment? (click here)