895.69 – Procedure.
895.69 Procedure. (1) A petition for approval of a transfer of structured settlement payment rights shall be brought by the transferee in the county in which the payee is domiciled at the time the transfer agreement is signed by the payee or, if the payee is not domiciled in this state, then in the county […]
895.70 – General provisions.
895.70 General provisions. (1) The provisions of this subchapter may not be waived by any payee. (2) Any transfer agreement entered into by a payee who resides in this state shall provide that disputes under such transfer agreement, including any claim that the payee has breached the agreement, may be determined in and under the […]
895.65 – Definitions.
895.65 Definitions. In this subchapter: (1) “Annuity issuer” means an insurer that has issued a contract to fund periodic payments under a structured settlement. (2) “Business day” has the meaning given in s. 421.301 (6). (3) “Dependents” means a payee’s spouse and minor children and all other persons for whom the payee is legally obligated […]
895.66 – Mandatory disclosures.
895.66 Mandatory disclosures. Not less than 5 business days before 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, that contains all of the following: (1) The amounts and due dates of the structured settlement payments to be transferred. […]
895.67 – Approval of transfers of structured settlement payment rights.
895.67 Approval of transfers of structured settlement payment rights. (1) No direct or indirect transfer of structured settlement payment rights may take effect and no structured settlement obligor or annuity issuer may be required to make any payment directly or indirectly to any transferee of structured settlement payment rights unless, after the hearing required under […]
895.68 – Effects of transfer of structured settlement payment rights.
895.68 Effects of transfer of structured settlement payment rights. A transfer of structured settlement payment rights under this subchapter includes the following effects: (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 […]