New York General Obligations Law Title 17 - STRUCTURED SETTLEMENT PROTECTION ACT

• 5-1701 - Definitions.
  For purposes of this title: (a) "annuity issuer" means an insurer that has issued an insurance contract used to fund periodic payments under a structured...
• 5-1702 - Initial Disclosure of Structured Settlement Terms.
  In negotiating a structured settlement of claims brought by or on behalf of a claimant who is domiciled in this state, the defendant or defendant's...
• 5-1703 - Required Disclosures to Payee.
  Not less than ten days prior to the date on which the payee signs a transfer agreement, the transferee shall provide to the payee by...
• 5-1704 - Provisions Prohibited in Transfer Agreement.
  No transfer agreement or other document or agreement executed in association with the transfer shall contain any provision described in this section. To the extent...
• 5-1705 - Procedure for Approval of Transfers.
  (a) An action for approval of a transfer of a structured settlement shall be by a special proceeding brought on only by order to show...
• 5-1706 - Approval of Transfers of Structured Settlement Payment Rights.
  No direct or indirect transfer of structured settlement payment rights shall be effective and no structured settlement obligor or annuity issuer shall be required to...
• 5-1707 - Effects of Transfer of Structured Settlement Payment Rights.
  Following a transfer of structured settlement payment rights under this title: (a) The structured settlement obligor and the annuity issuer shall, as to all parties...
• 5-1708 - General Provisions; Construction.
  (a) The provisions of this title may not be waived by any payee. (b) Any transfer agreement entered into on or after the effective date...
• 5-1708-a - Waiver for Families of Victims of Terrorist Attacks.
  Notwithstanding the provisions of section four thousand two hundred twenty-four of the insurance law: (a) An annuity issuer, or an employee or other representative of...
• 5-1709 - Enforcement.
  (a) In addition to the other remedies provided, whenever there shall be a violation of this title, application may be made by the attorney general...

Last modified: February 3, 2019