408-G:1 Definitions. – In this chapter: I. " Annuity issuer " means an insurer that has issued a contract to fund periodic payments under a structured settlement. II. " Assignee " means a party acquiring or proposing to acquire structured settlement payment rights from a transferee of such rights. III. " Dependents " include […]
408-G:2 Required Disclosure to Payee. – Not less than 3 days prior to the date on which a payee signs a transfer agreement, the transferee shall provide to the payee a separate disclosure statement, in bold type no smaller than 14 points, setting forth the following: I. The amounts and due dates of the […]
408-G:3 Approval of Transfers of Structured Settlement Payment Rights. – 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 or assignee of structured settlement payment rights unless the transfer […]
408-G:4 Effects of Transfer of Structured Settlement Payment Rights. – Following a transfer of structured settlement payment rights under this chapter: I. The structured settlement obligor and the annuity issuer may rely on the court order approving the transfer in redirecting periodic payments to an assignee or transferee in accordance with the order approving […]
408-G:5 Procedure For Approval of Transfers. – I. An application under this chapter for approval of a transfer of structured settlement payment rights shall be made by the transferee and shall be brought in the superior court in the county in which the payee resides, except that if the payee does not reside in […]
408-G:6 General Provisions; Construction. – I. The provisions of this chapter shall not be waived by any payee. II. Any transfer agreement entered into on or after the effective date of this chapter by a payee who resides in this state shall provide that disputes under such transfer agreement, including any claim that the […]
