Federal & State Laws

Alabama

Enacted: April 27, 2006 Effective: August 01, 2006

Summary: Permits the sale or assignment of Alabama structured settlement payment rights, subject to a court’s review and approval based on showing that the proposed transfer is in the consumer’s "best interests," taking into account the welfare of the consumer’s dependents (if any). Requires certain disclosures and other consumer protections.

Alaska

Enacted: May 14, 2003 Effective: August 12, 2003

Summary: Permits the sale or assignment of Alaska structured settlement payment rights, subject to a court’s review and approval based on showing that the proposed transfer is in the consumer’s "best interests," taking into account the welfare of the consumer’s dependents (if any). Requires certain disclosures and other consumer protections.

Arizona

Enacted: May 20, 2002 Effective: August 22, 2002

Summary: Permits the sale or assignment of Arizona structured settlement payment rights, subject to a court’s review and approval based on showing that the proposed transfer is in the consumer’s "best interests," taking into account the welfare of the consumer’s dependents (if any). Requires certain disclosures and other consumer protections.

Arkansas

Enacted: April 13, 2005 Effective: August 12, 2005

Summary: Permits the sale or assignment of Arkansas structured settlement payment rights, subject to a court’s review and approval based on showing that the proposed transfer is in the consumer’s "best interests," taking into account the welfare of the consumer’s dependents (if any). Requires certain disclosures and other consumer protections.

Colorado

Enacted: April 20, 2004 Effective: July 01, 2004

Summary: Permits the sale or assignment of Colorado structured settlement payment rights, subject to a court’s review and approval based on showing that the proposed transfer is in the consumer’s "best interests," taking into account the welfare of the consumer’s dependents (if any). Requires certain disclosures and other consumer protections.

Connecticut

Enacted: June 18, 2003 Effective: October 01, 2003

Summary: Permits the sale or assignment of Connecticut structured settlement payment rights, subject to a court’s review and approval based on showing that the proposed transfer is in the consumer’s "best interests," taking into account the welfare of the consumer’s dependents (if any). Requires certain disclosures and other consumer protections.

Delaware

Enacted: December 25, 1999 Effective: June 27, 2000

Summary: Permits the sale or assignment of Delaware structured settlement payment rights, subject to a court’s review and approval based on showing that the proposed transfer is in the consumer’s "best interests," taking into account the welfare of the consumer’s dependents (if any). Requires certain disclosures and other consumer protections.

District of Columbia

Enacted:  Effective:

Summary: The District does not yet have its own structured settlement transfer law enacted. People who live there MAY be able to transfer their structured settlement payment rights under the law of the state where the insurance company is based.

Florida

Enacted: June 13, 2001 Effective: October 01, 2001

Summary: Permits the sale or assignment of Florida structured settlement payment rights, subject to a court’s review and approval based on showing that the proposed transfer is in the consumer’s "best interests," taking into account the welfare of the consumer’s dependents (if any). Requires certain disclosures and other consumer protections.

Georgia

Enacted: June 04, 2003 Effective: July 01, 2003

Summary: Permits the sale or assignment of Georgia structured settlement payment rights, subject to a court’s review and approval based on showing that the proposed transfer is in the consumer’s "best interests," taking into account the welfare of the consumer’s dependents (if any). Requires certain disclosures and other consumer protections.