Section 6-11-53 – Advanced Approval by Court Required; Hearing.
Section 6-11-53 Advanced approval by court required; hearing. No direct or indirect transfer of structured settlement payment rights shall be effective and no structured settlement obligor or annuity issuer shall be required to make any payment directly or indirectly to any transferee of structured settlement payment rights unless the transfer has been approved in advance […]
Section 6-12A-6 – Penalties; Unlawful Practices.
Section 6-12A-6 Penalties; unlawful practices. (a) Revocation of stamping privileges and civil penalty. In addition to or in lieu of any other civil or criminal remedy provided by law, upon a determination that a wholesaler, distributor, or any person has violated subsection (c) of Section 6-12A-3, or any regulation adopted pursuant thereto, the commissioner may […]
Section 6-11-54 – Effects of Transfer of Rights.
Section 6-11-54 Effects of transfer of rights. (a) Following a transfer of structured settlement payment rights under this article: (1) The structured settlement obligor and the annuity issuer shall, as to all parties except the transferee, be discharged and released from any and all liability for the transferred payments. (2) The transferee shall be liable […]
Section 6-12A-7 – Review; Application for Permit; Rules and Regulations; Costs and Fees; Disgorgement of Profits.
Section 6-12A-7 Review; application for permit; rules and regulations; costs and fees; disgorgement of profits. (a) Notice and review of determination. A tobacco product manufacturer who does not agree with a determination by the commissioner to not list or to remove from the directory a brand family or tobacco product manufacturer shall be entitled to […]
Section 6-11-55 – Application for Approval of Transfer; Notice.
Section 6-11-55 Application for approval of transfer; notice. (a) An application under this article for approval of a transfer of structured settlement payment rights shall be made by the transferee and may be brought in the county in which the payee resides, in the county in which the structured settlement obligor or the annuity issuer […]
Section 6-11-56 – Waiver; Choice of Law; Procedures for Life-Contingent Rights; Liability.
Section 6-11-56 Waiver; choice of law; procedures for life-contingent rights; liability. (a) The provisions of this article may not be waived by any payee. (b) Any transfer agreement entered into on or after July 1, 2006, by a payee who resides in this state shall provide that disputes under the transfer agreement, including any claim […]
Section 6-11-57 – Applicability.
Section 6-11-57 Applicability. This article shall apply to any transfer of structured settlement payment rights under a transfer agreement entered into on or after the 30th day after July 1, 2006; provided, however, that nothing contained herein shall imply that any transfer under a transfer agreement reached prior to such date is either effective or […]
Section 6-11-58 – Relation to Workers’ Compensation Provisions.
Section 6-11-58 Relation to workers’ compensation provisions. Nothing in this article shall be construed to apply to any settlement under the Alabama Workers’ Compensation Law. (Act 2006-628, p. 1714, §9.)
Section 6-11-59 – Confidentiality of Settlement Terms.
Section 6-11-59 Confidentiality of settlement terms. Nothing in this article is intended to, or shall, require or allow the disclosure, publication, or dissemination of the terms of a settlement which is confidential, whether the confidentiality is created by agreement of the parties or by order of the court, or by both. (Act 2006-628, p. 1714, […]
Section 6-12-1 – Legislative Findings.
Section 6-12-1 Legislative findings. The Legislature of Alabama finds as follows: (1) Cigarette smoking presents serious public health concerns to the state and to the citizens of the state. The Surgeon General has determined that smoking causes lung cancer, heart disease, and other serious diseases, and that there are hundreds of thousands of tobacco-related deaths […]