{"id":33,"date":"2016-06-27T22:28:39","date_gmt":"2016-06-27T22:28:39","guid":{"rendered":"http:\/\/www.groupbff.com\/StructuredSettlement\/?page_id=33"},"modified":"2016-07-06T23:27:34","modified_gmt":"2016-07-06T23:27:34","slug":"assignment-of-liability","status":"publish","type":"page","link":"https:\/\/finkelsteinstructures.com\/?page_id=33","title":{"rendered":"Assignment of Liability"},"content":{"rendered":"<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000; font-size: 12pt;\">Under CCRA (Revenue Canada) rules, a Canadian casualty company must own the structure as well as maintain a contingent liability for all payments to be made under the structure.<img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-87 alignright\" src=\"http:\/\/www.groupbff.com\/StructuredSettlement\/wp-content\/uploads\/2016\/06\/key.gif\" alt=\"key\" width=\"136\" height=\"274\" \/><br \/>\n<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000; font-size: 12pt;\">In some cases, the casualty insurer does not wish to own the annuity contract (e.g., a small company; a foreign company; or for tax reasons). The casualty insurer may assign its rights and obligations under the structure to an assignee for a fee. The assignee becomes the owner and maintains the contingent liability.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Under CCRA (Revenue Canada) rules, a Canadian casualty company must own the structure as well as maintain a contingent liability for all payments to be made under the structure. In some cases, the casualty insurer does not wish to own the annuity contract (e.g., a small company; a foreign company; or for tax reasons). The &#8230; <a title=\"Assignment of Liability\" class=\"read-more\" href=\"https:\/\/finkelsteinstructures.com\/?page_id=33\">Read more<span class=\"screen-reader-text\">Assignment of Liability<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-33","page","type-page","status-publish"],"_links":{"self":[{"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/pages\/33","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33"}],"version-history":[{"count":3,"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/pages\/33\/revisions"}],"predecessor-version":[{"id":130,"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/pages\/33\/revisions\/130"}],"wp:attachment":[{"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}