143 Court may make consent order for structured
(1) This section applies where the parties to a claim agree to settle
the claim by making a structured settlement and apply to a court for an order
approving of or in the terms of the structured
(2) The court may make the order even though the payment of damages is
not in the form of a lump sum award of damages.
(3) A structured
settlement is an agreement that provides for the payment of all or
part of an award of damages in the form of periodic payments funded by an
annuity or other agreed means.