10.__Qualified assignment agreement.__"Qualified assignment agreement" means an agreement providing for a qualified assignment within the meaning of Section 130 of the United States Internal Revenue Code, United States Code, Title 26.

11.__Responsible administrative authority.__"Responsible administrative authority" means any government authority vested by law with exclusive jurisdiction over the settled claim resolved by a structured settlement.

12.__Settled claim.__"Settled claim" means the original tort claim or workers' compensation claim resolved by a structured settlement.

13.__Structured settlement.__"Structured settlement" means an arrangement for periodic payment of damages for personal injuries established by settlement or judgment in resolution of a tort claim or for periodic payments in settlement of a workers' compensation claim.

14.__Structured settlement agreement.__"Structured settlement agreement" means the agreement, judgment, stipulation or release embodying the terms of a structured settlement, including the rights of the payee to receive periodic payments.

15.__Structured settlement obligor.__"Structured settlement obligor" means the party that has the continuing periodic payment obligation to the payee under a structured settlement agreement or a qualified assignment agreement.

16.__Structured settlement payment rights.__"Structured settlement payment rights" means rights to receive periodic payments, including lump sum payments, under a structured settlement, whether from the settlement obligor or the annuity issuer, when:

A.__The payee or any other interested party is domiciled in this State;

B.__The structured settlement agreement was approved by a court or responsible administrative authority in this State; or

C.__The settled claim was pending before the courts of this State when the parties entered into the structured settlement agreement.