Two Thirds of the states have laws restricting the sale of structured settlements. Then there are also the additional federal regulations that apply to the sale of structured settlements. A court approval will have to be obtained for the sale for the sale, and most states have statutes in effect which regulate the transfer process.
Being that as it is the insurance companies that issue the annuities for the structured settlement may refuse to cooperate with the sale of a structured settlement, citing policy language and asserting that payments cannot be assigned.
No comments:
Post a Comment