General Laws of Massachusetts - Chapter 231C Structured Settlement Contracts

• Massachusetts General Laws - Definitions - Chapter 231C, Section 1
  For the purposes of this chapter the following words shall have the following meanings unless the context otherwise requires: “Annuity issuer”, an insurer that has...
• Massachusetts General Laws - Transfers of structured settlement payment rights - Chapter 231C, Section 2
  (a) No direct or indirect transfer of structured settlement payment rights shall be effective, and no structured settlement obligor or annuity issuer shall be required...
• Massachusetts General Laws - Waiver of Secs. 2 to 4; payee penalty for failure to transfer - Chapter 231C, Section 3
  (a) The provisions of sections 2 to 4, inclusive, shall not be waived. (b) No payee who proposes to make a transfer of structured settlement...
• Massachusetts General Laws - Violations of discount/finance charge stipulation or of disclosure requirements; penalties; civil actions by attorney general - Chapter 231C, Section 4
  (a) If in connection with a transfer of structured settlement payment rights, a transferee has violated the discount/finance charge stipulation, neither the transferee nor any...
• Massachusetts General Laws - Applicability of this chapter to workers’ compensation payment rights - Chapter 231C, Section 5
  Nothing contained in this chapter shall be construed to authorize any transfer of workers’ compensation payment rights in contravention of applicable law or to give...

Last modified: September 11, 2015