The enactment of laws for Structured settlement The history of structured settlement is almost two decade old and the lump sum payment was the only method available until the introducing of periodic payment. In 2001, Congress passed HR 2884, as a Federal Legislation, passed by the President in2002. This has been referred as Internal Revenue Code § 5891 which came into effect on July 1, 2002. This states a law that all factoring industries have...