Transfers of Structured Settlement Payment Rights

Block 16.1  Article 2.3 Transfers of Structured Settlement Payment Rights   Law Requiring Service On the Attorney General of all Transfer Documents:  Introducing CA Insurance Code 10139(a)   This task is the responsibility of the transfer company, and if it isn’t done, the transfer will not go through.  The filing to the Attorney General takes place at the same time the transfer company files the petition to the Superior Court.   You can visit this website:  http://oag.ca.gov/services-info-3 and view the Attorney General’s law on receiving documents of transfers from Superior Courts.  Just scroll down the opening page of the above […]

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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” by Congress in an effort to protect the consumer.  Be grateful it is in the code, it protects you, and gives you the freedom to do business with whomever you want.   Before 1999, and for about 20 years, when a person would enter into contract with a Company, for example, Company “A” to sell part of their structured settlement, Company “A” would […]

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