California Insurance Code ARTICLE 2.3 - Transfers of Structured Settlement Payment Rights

  • Section 10134.
    For the purposes of this article, the following terms have the following meanings:(a) “Buyer’s first right of refusal” means any provision in the transfer agreement or...
  • Section 10135.
    (a) This article is only applicable to transfers entered into on or after January 1, 2000.(b) Notwithstanding subdivision (a), the changes to this article made by the...
  • Section 10136.
    (a) No direct or indirect transfer of structured settlement payment rights by a payee to which this article applies shall be effective, and no structured settlement...
  • Section 10137.
    A transfer of structured settlement payment rights is void unless a court reviews and approves the transfer and finds the following conditions are met:(a) The transfer...
  • Section 10138.
    (a) A transfer agreement, as defined in subdivision (o) of Section 10134, shall not include any provision described in the paragraphs below. Any inclusion of a...
  • Section 10139.
    (a) At the time of filing a petition pursuant to Section 10139.5 for court approval, the transferee shall file with the Attorney General a copy of...
  • Section 10139.1.
    Any subsequent transfer of any additional structured settlement payments between the payee and transferee may be made only after compliance with all of the requirements...
  • Section 10139.2.
    Any notice required by this article shall be deemed to have been given if addressed to the recipient’s last known address and deposited, first class...
  • Section 10139.3.
    (a) None of the provisions of this article may be waived by the payee.(b) Compliance with the requirements set forth in Sections 10136, 10137, and 10138 shall...
  • Section 10139.4.
    A violation of this article by a transferee shall constitute an unfair business practice pursuant to Chapter 5 (commencing with Section 17200) of Part 2...
  • Section 10139.5.
    (a) A direct or indirect transfer of structured settlement payment rights is not effective and a structured settlement obligor or annuity issuer is not required to...

Last modified: October 22, 2018