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Transfers of Structured Settlement
Block 17.6 Article 2.3 Transfers of Structured Settlement Payment Rights Can an Antiassignment Provision Prevent a Transfer of Structured Settlement Payment Rights? It depends if the antiassignment provision is statutory/court order, or contractual. If the antiassignment provision is statutory or a court order then no transfer can happen. If the insurance company wrote the antiassignment provision in the settlement documents prohibiting the payee from receiving future settlement payments, it is up to the insurance company to enforce the antiassignment provision. Insurance companies typically waive this contravention. There are instances where it is not waived, for example, […]