SIC Code 6163-04 Description (6-Digit)

Structured Settlement Buyers are companies that purchase structured settlements from individuals who have received a settlement as a result of a legal case or insurance claim. These companies provide a lump sum payment to the individual in exchange for the rights to receive the future payments from the settlement. Structured Settlement Buyers operate in a highly regulated industry and must comply with state and federal laws.

Hierarchy Navigation for SIC 6-Digit Code 6163-04

Parent Code (less specific)

6163 - Loan Brokers

Tools

Structured settlement payment calculator
Financial modeling software
Legal research databases
Customer relationship management (CRM) software
Payment processing software
Risk assessment tools
Compliance management software
Data analytics tools
Document management software
Electronic signature software

Industry Examples of Structured Settlement Buyers

Annuity payment purchasing
Lottery payment purchasing
Workers' compensation payment purchasing
Personal injury settlement purchasing
Medical malpractice settlement purchasing
Wrongful death settlement purchasing
Employment settlement purchasing
Divorce settlement purchasing
Inheritance advance purchasing
Structured attorney fees purchasing

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SIC Code 6163-04 - Structured Settlement Buyers

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