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Structured Settlement Payment Rights
Block 17.5 Article 2.3 Transfers of Structured Settlement Payment Rights Possible Penalties Under Business and Professions Code When Transferring Structured Settlement Payment Rights The possible penalty is exclusive to the transfer company. If the transfer company is in violation of California Insurance Code 10134-10139.5 they could endure penalties per the Business and Professions Code, according to California Insurance Code: 10139.4 states, “A violation of this article by a transferee shall constitute an unfair business practice pursuant to Chapter 5 (commencing with Section 17200) of Part 2 of Division 7 of the Business and Professions Code and shall […]