by admin | May 11, 2021 | Civil Procedure, Connecticut
Following a transfer of structured settlement payment rights under sections 52-225g to 52-225l, inclusive:(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...
by admin | May 11, 2021 | Civil Procedure, Connecticut
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 of structured settlement payment rights...
by admin | May 11, 2021 | Civil Procedure, Connecticut
Not less than three days prior to the date on which the payee signs a transfer agreement, the transferee shall provide to the payee a separate disclosure statement, in boldface type at least fourteen points in size, setting forth:(1) The amounts and due dates of the...
by admin | May 11, 2021 | Civil Procedure, Connecticut
For the purposes of sections 52-225g to 52-225l inclusive:(1) “Annuity issuer” means an insurer that has issued a contract to fund periodic payments under a structured settlement;(2) “Dependents” include a payee’s spouse and minor...
by admin | May 11, 2021 | Civil Procedure, Connecticut
(a) For purposes of this section: (1) “Annuity issuer” means an insurer that has issued any insurance contract used to fund periodic payments under a structured settlement;(2) “Expenses” means all broker’s commissions, service charges,...
by admin | May 11, 2021 | Civil Procedure, Connecticut
(a) Upon the payment in settlement of any third-party liability claim in excess of ten thousand dollars where the claimant is a natural person, the insurer shall mail to the claimant notice of such payment at the same time payment is made by the insurer.(b) The notice...
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