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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The Disclosure Statement Revealed (Cal Ins Code Section 10136)

The Disclosure Statement Revealed (Cal Ins Code Section 10136)  “Disclosure Notice Required By Law [14-point boldface type] You are selling (technically called ‘transferring’) your right to receive your payments under a Continue reading The Disclosure Statement Revealed (Cal Ins Code Section 10136)

PART I of IV of §10135. “Transfers governed by article; Requirements

PART I of IV of §10135.  “Transfers governed by article; Requirements There are three (3) types of transfers governed by Article 2.3, §10135 and there are two (2) requirements in this Continue reading PART I of IV of §10135. “Transfers governed by article; Requirements

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 Attorney General may, but is not required to, review any transfer agreement in order to ensure that the transfer meets the requirements of this article.”   (You can view this “article” (10139(b)) here:    http://codes.lp.findlaw.com/cacode/INS/1/d2/2/1/2.3/s10139 a Thomson Reuters website that was last updated Nov. 13, 2013 at 1:08 p.m. PST.)   The code is short, and so is this article.  It’s straight forward.  10139(b) […]

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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