Notice Of Hearing On Application For Attorney Fees Page 22
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52B.
If the settlement is to be funded by an annuity, the application shall include
a signed statement by the annuity carrier or the broker procuring the policy
stating:
1) The annuity carrier is licensed to write annuities in Ohio
2) The annuity carrier’s rating from at least two of the following criteria:
i. A.M. Best Company: A++, A+ or A;
ii. Duff & Phelps Credit Rating Company (Claims Paying Ability
Rating): AAA, AA+ or AA;
iii. Moody’s Investors Service (Financial Strength): AAA AA1 or
AAA2;
iv. Standard & Poor’s Corporation. (Financial Strength): AAA,
AA+ or A.
v. Weiss Research Inc: A+ or A.
C.
In addition to the requirements of Paragraph (B) above, an annuity carrier
must meet any other requirements the Court considers reasonably necessary
to assure that funding to satisfy periodic payment settlements will be
provided and maintained.
D.
The annuity carrier shall guarantee there will be no premature withdrawals
or hypothecation of the annuity without prior Court approval.
RULE 68.4
SETTLEMENT OF CLAIMS FOR INJURIES TO MINORS
UNDER TEN THOUSAND DOLLARS
A.
Applications involving the payment of ten thousand dollars or less shall be
by the parent or parents or by the person having custody of the minor, and
shall be captioned in the name of the minor. If either or both parents are
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