Industry Leadership
Industry Leadership
McKellar Leads The Way
McKellar has always been committed to the long-term success of structured settlements, and we continue to invest time and resources into improving the industry and providing you with a creative and effective settlement tool.
Some of the major developments in structured settlements initiated by McKellar include:
- Pioneering the concept of structured settlements in Canada (1979)
- Securing their tax-free status in Canada (1980)
- The introduction of Absolute Assignment (1991)
- Securing the right of casualty insurers to commute reversions (1993)
- Securing Canada Revenue Agency (CRA) approval for Accident Benefit structures (1994)
- Securing CRA's approval to "structure" Long-term Disability payments (1999)
- Introduction of the concept of Concurrent Guarantees (2000)
- Introduction of new life insurers to the structured settlement market (ongoing)
