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A STRUCTURED SETTLEMENT ATTORNEY’S PERSPECTIVE ON THE EFFECT OF NEW CHANGES TO CALIFORNIA LAW ON THE PROCESS OF APPROVING SALES OF ANNUITY PAYMENTS
A structured settlement attorney’s perspective on the effect OF new changes to California law on the process of approving sales of annuity payments On January 01, 2010, revisions to the “California Structured Settlement Protection Act” codified in California Insurance Code Sections 10134-10139.5 went into effect, as a result of Senate Bill SB 510. The new revisions to the statute were nominal in certain respects but quite comprehensive in others. Previously, all that was essentially required to approve the sale of a structured settlement was for a judge to make four specific findings pursuant to California Insurance Code section 10139.5. The […]