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Finkelstein
Structured
Settlements
Inc.

Suite 1302
808 Nelson Street
Box 12115
Vancouver BC
V6Z 2H2

Vancouver
(604) 685-8222

Toll Free
(877) 685-8222

Fax
(604) 681-8186


	SECTION 55 INSURANCE (MOTOR VEHICLE) ACT C. 231 Structured judgments 55 (1) The court must order that an award for pecuniary damages in a motor vehicle action be paid periodically, on the terms the court considers just, (a) if the award for pecuniary damages is, after section 25 has been applied, at least $100 000 and the court considers it to be in the best interests of the plaintiff, or (b) if the plaintiff requests that an amount be included in the award to compensate for income tax payable on income from investment of the award, and the court considers that the order, that the award be paid periodically, is not contrary to the best interests of the plaintiff. (2) Despite subsection (1), the court must not make an order under this section if one or more of the parties in respect of whom the order would be made satisfies the court that those parties do not have sufficient means to fund the order, or if the court is satisfied that an order to pay the award periodically would have the effect of preventing the plaintiff or another person from obtaining full recovery for damages arising out of the accident. (3) If the court does not make an order for periodic payments under this section, it may make an award for damages that includes an amount to offset liability for income tax on income from investment of the award.

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SECTION 55 INSURANCE (MOTOR VEHICLE) ACT C. 231