What are Qualified Assignments?
Qualified assignments shift responsibility for an injured partys payment stream for medical and living expenses, which could be for life, to a well-capitalized institution. In some instances, this can also create favorable tax benefits for self insured’s. The assignee funds its obligation to the injured worker using very high-grade assets mandated by IRC Section 130 U.S. Treasury obligations or annuities of state-licensed and regulated life insurance companies.
