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DOJ/LA

RIN: 1105-AA82

Publication ID: Spring 2004

Title: Minimum Qualifications for Annuity Brokers in Connection With Structured Settlements Entered Into by the United States
Abstract: This rule implements section 11015(a) of Public Law 107-273, the 21st Century Department of Justice Appropriations Authorization Act, which was enacted on November 2, 2002. Section 11015(a) provides: "Not later than 6 months after the date of enactment of this Act, the Attorney General shall establish a list of annuity brokers who meet minimum qualifications for providing annuity brokerage services in connection with structured settlements entered by the United States. This list shall be updated upon request by any annuity broker that meets the minimum qualifications for inclusion on the list. The Attorney General shall transmit such list, and any updates to such list, to all United States Attorneys." The rule sets forth the minimum qualifications for an annuity broker to be included on the list and the procedures to be followed by individual annuity brokers who desire to be listed. To be considered for inclusion on the initial list to be transmitted to all United States Attorneys, annuity brokers must submit the Declaration set forth on the Civil Division web site to the Department of Justice's Torts Branch at the address provided below by no later than April 24, 2003. (A copy of the Declaration is also included as an appendix to this rule, but will not be included in the Code of Federal Regulations, as it may be revised later. The most current version of the Declaration will be available for download on the Civil Division's Web site.) Submissions received after April 24, 2003, will be considered for inclusion in the next update of the list. The list will be revised periodically, but not more often than twice every calendar year, beginning with calendar year 2004. Each calendar year, a new list will be transmitted. For each calendar year, a broker must submit a new declaration to be included on the list.
Agency: Department of Justice(DOJ)	Priority: Other Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 28 CFR 50
Legal Authority: PL 107-273, sec 11015

Legal Deadline:

Action	Source	Description	Date
Final	Statutory		05/02/2003

Timetable:

Action	Date	FR Cite
Interim Final Rule	04/15/2003	68 FR 18119
Interim Final Rule Comment Period End	07/14/2003
Final Action	10/00/2004

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
Agency Contact: Kenneth L. Zwick Director, Office of Management Programs Department of Justice Legal Activities Civil Division, Room 3140, 950 Pennsylvania Avenue NW, Washington, DC 20530 Phone:202 514-4552 Email: ken.zwick@usdoj.gov