Code of Virginia - Title 59.1 Trade And Commerce - Chapter 41 Structured Settlement Protection Act

  • 59.1-475 Definitions
    For purposes of this chapter: "Annuity issuer" means an insurer that has issued a contract to fund periodic payments under a structured settlement. "Dependents" include ...
  • 59.1-475.1 Required disclosures to payee
    Not less than three days prior to the date on which a payee signs a transfer agreement, the transferee shall provide to the payee a ...
  • 59.1-476 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 ...
  • 59.1-476.1 Effects of transfer of structured settlement payment rights
    Following a transfer of structured settlement payment rights under this chapter: 1. The structured settlement obligor and the annuity issuer shall, as to all parties ...
  • 59.1-477 Procedure for approval of transfers
    A. An application under this chapter for approval of a transfer of structured settlement payment rights shall be made by the transferee and may be ...
  • 59.1-477.1 General provisions, construction
    A. The provisions of this chapter may not be waived by any payee. B. Any transfer agreement entered into on or after the effective date ...

Last modified: April 3, 2009