Illinois Compiled Statutes 215 Insurance: Article -

• Illinois Structured Settlement Protection Act. - 215 ILCS 153, Section 1
  Short title. This Act may be cited as the Structured Settlement Protection Act. (Source: P.A. 93-502, eff. 1-1-04.)
• Illinois Structured Settlement Protection Act. - 215 ILCS 153, Section 5
  Definitions. For purposes of this Act: "Annuity issuer" means an insurer that has issued a contract to fund periodic payments under a structured settlement....
• Illinois Structured Settlement Protection Act. - 215 ILCS 153, Section 10
  Required disclosures to payee. Not less than 3 days prior to the date on which a payee signs a transfer agreement, the transferee shall...
• Illinois Structured Settlement Protection Act. - 215 ILCS 153, Section 15
  Approval of transfers of structured settlement payment rights. No direct or indirect transfer of structured settlement payment rights shall be effective and no structured...
• Illinois Structured Settlement Protection Act. - 215 ILCS 153, Section 20
  Effects of transfer of structured settlement payment rights. Following a transfer of structured settlement payment rights under this Act: (1) the structured settlement obligor...
• Illinois Structured Settlement Protection Act. - 215 ILCS 153, Section 25
  Procedure for approval of transfers. (a) No annuity issuer or structured settlement obligor may make payments on a structured settlement to anyone other than...
• Illinois Structured Settlement Protection Act. - 215 ILCS 153, Section 30
  General provisions; construction. (a) The provisions of this Act may not be waived by any payee. (b) Any transfer agreement entered into on or...
• Illinois Structured Settlement Protection Act. - 215 ILCS 153, Section 35
  Applicability. This Act shall apply to any transfer of structured settlement payment rights under a transfer agreement entered into on or after the 30th...

Last modified: February 18, 2015