Monday, September 14, 2009

Continental Europe, ctd.

Most jurisdictions: judge has power to
award annuity

- i.e. agreement of both parties is not needed.

- Non-motor damages: indexation basis can be
set by judge and indexation is borne by
general insurer

In general, annuities for wage replacement
are taxable,

- otherwise tax free (e.g. nursing care)

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