Ohio Structured Settlement Protection Act § 2323.58 Definitions. As used in this section and sections 2323.581 [2323.58.1] to 2323.587 [2323.58.7] of the Revised Code: (A) “Annuity issuer” means an insurer that has issued an insurance contract that is used to fund periodic payments under a structured settlement. (B) “Applicable law” means any of the following, as applicable in interpreting the terms of a structured settlement agreement: (1) The laws of the United States; (2) The laws of this state, including principles of equity that are applied in the courts of this state; (3) The laws of any other jurisdiction if […]
By AFG Newswire Sept. 17, 2014 9:08 p.m. Still Need Your Structured Settlement for the Future; Yet Trying to Sell? If you are in this position, the best advice is to Continue reading Structured Settlement Trying to Sell?
Block 17.1 Article 2.3 Transfers of Structured Settlement Payment Rights Forget About Signing Any Waiver for Your Transfer of Payment Rights: This Contract You Don’t Control 10139.3(a) None of the provisions of this article may be waived by the payee. Do you notice how 10139(a) states “this article”? That means this entire code, not just the transfer agreement, or just the disclosure statement within the code, but the entire code itself, CA Insurance Code 10134-10139.5 cannot be waived by the payee. The person selling the structured settlement payment rights, cannot deliberately abandon any terms of the […]
it is the primary market in which your structured settlement was issued to you. at a time when the court system is already over burdened, there is no time and there has not been any time to go back and re-write the rules that govern structured settlements in the primary market to benefit you. Unfortunately, it is not all about you in the eyes of the court. To the Law Offices of Eugene Ahtirski, it is all about you. the rules that for structured settlements are rigid with no flexibility. your life changes, but the rules do not. it is […]
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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 […]
Seek independent professional advice If you are contemplating the sale of all or part of your structured settlement payments you should contact a settlement planning professional or a financial planner familiar Continue reading Seek independent professional advice
What is a Structured Settlement Attorney? Well lets break it down, a structured settlement attorney is an attorney is one who only represents structured settlement cases. When most people think of a structured settlement case, they first think of a personal injury case. Although they do not know it, but the fact is that is a personal injury attorney, not a structured settlement attorney. confused from the personal injury attorney is the one settling the case to get a structured settlement. When i talk of structured settlement attorney, i am referring to an attorney that assists in the transfer of a structured settlements.Sometimes referred to as an independent professional advisor. The […]
IF YOU DECIDE TO GO THROUGH WITH THE STRUCTURED SETTLEMENT TRANSFER The first thing you will need to do is prepare a written plan for the allocation of your structured settlement Continue reading IF YOU DECIDE TO GO THROUGH WITH THE STRUCTURED SETTLEMENT TRANSFER
The New Jersey Structured Settlement Protection Statute NEW JERSEY PERMANENT STATUTES TITLE 2A. ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE Current through P.L.2002, c.33 § 2A:16-63. Short title. This act shall be known and may be cited as the “Structured settlement Protection Act.” L.2001, c.139, s.1, eff. Aug. 1, 2001. § 2A:16-64. Definitions relative to structured settlements. For the purposes of this act: “Annuity issuer” means an insurer that has issued a contract to fund periodic payments under a structured settlement. “Dependents” includes a payee’s spouse and minor children and all other persons for whom the payee is legally obligated to […]
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Using Your Structured Settlement as Collateral for a Bank Loan According to the National Structured Settlement Trade Association (NSSTA) “Normally, you may not use your structured settlement payments as collateral for a loan. The reason is that the federal law designed to provide these benefits to you on an income tax-free basis also prohibits you from assigning or encumbering them”. The National Association of Settlement Purchasers (NASP) states, “That is an option, if you have good credit and are willing to take on additional debt.” The NASP also adds, “Unfortunately, few banks will take your payments as collateral. That is […]
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