Transfers of Structured Settlement Payment

Transfers of Structured Settlement Payment Rights   Compliance to Contract Writing is the Responsibility of the Transfer Company   The California Insurance Code puts the onus on the transfer company to get all of the contracts right.  The Insurance Cod… Continue reading Transfers of Structured Settlement Payment

Transfers of Structured Settlement Payment

Transfers of Structured Settlement Payment Rights   Compliance to Contract Writing is the Responsibility of the Transfer Company   The California Insurance Code puts the onus on the transfer company to get all of the contracts right.  The Insurance Code spells out the terms of the disclosure statement, and the transfer agreement in Sections 10136, 10137, and 10138 to the transfer company, and only the transfer company. The code below states that it is the sole responsibility of the transfer company to draft these and any other necessary contracts to “seal the deal” for a successful transfer of payment rights. […]

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Buying Structured Settlements

Buying Structured Settlements Buying of structured settlements in the secondary market has been a booming business that has until of late been relatively a top-secret need to know topic. What are you buying? Well, you are buying a future payment stream. usually as an award of the court for some sort of personal injury settlement. Where the settlement was invested in an annuity to provide for a larger payment over time. Now you aren’t buying the payments at face value, in fact; the IRS has a calculation that is used to figure out what that future payment is valued at […]

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Transfers of Structured Settlement Payment

Block 16.3 Article 2.3 Transfers of Structured Settlement Payment Rights   Reporting to the OAG:   To Review or Not Review:  Does the OAG Take a Look at Each Transfer Agreement?   10139(b) says “no”.  10139(b) states, “The A… Continue reading Transfers of Structured Settlement Payment

Companies Can Still Buy Structured Settlement Payments Part II

Buy Structured Settlement Payments Companies Can Still Buy Structured Settlement Payments Part II  Companies that buy structured settlements have to put up with a lot to exist and do what they do.  Despite the fact that these companies are now recogniz… Continue reading Companies Can Still Buy Structured Settlement Payments Part II

Where’s Your Independent Professional Adviser When You Need Them?

California Structured Settlement Transfer Contracts Face Toughest Restrictions in the Country  Where’s Your Independent Professional Adviser When You Need Them? Independent professional advisers are like referees:  they make sure everyone’s… Continue reading Where’s Your Independent Professional Adviser When You Need Them?

Buyer’s first right of refusal

By AFG Newswire Sept. 14, 2014 11:00 a.m.   What is Meant by “Buyer’s first right of refusal” in Structured Settlement Transfers   This is a clause written in the insurance code around 1999 under “urgency legislation&#… Continue reading Buyer’s first right of refusal

Happy Holidays

‘Tis the season for some to take offense when a store clerk says “happy holidays” instead of “merry Christmas,” or when a coffee chain converts to plain red cups for the holiday. The “war on Christmas” trope seems to surface with Black Friday sales, but who is actually at war? It is easy to imagine saying “merry Christmas” as another cudgel in the culture wars between Christians and the irreligious. The actual story, however, is much more nuanced. Public Religion Research Institute asked a nationally representative sample of Americans whether retailers should greet their customers with “happy holidays” or “season’s greetings” — rather than […]

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Companies Can Still Buy Structured Settlement Payments Part II

Buy Structured Settlement Payments Companies Can Still Buy Structured Settlement Payments Part II  Companies that buy structured settlements have to put up with a lot to exist and do what they do.  Despite the fact that these companies are now recogniz… Continue reading Companies Can Still Buy Structured Settlement Payments Part II

Reasons for Selling Structured Settlements

Reasons for Selling Structured Settlements Both as a result of the recession, and changing financial needs, many individuals with structured settlement payment annuities have decided to sell and/or convert their structured settlement payments into a si… Continue reading Reasons for Selling Structured Settlements