2005 Connecticut Code - Sec. 52-225i. Transfer of structured settlement payment rights: Approval.
Sec. 52-225i. Transfer of structured settlement payment rights: Approval. 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 unless
the transfer has been approved in advance in a final court order or order of a responsible
administrative authority based on express findings by such court or responsible administrative authority that:
(2) The payee has been advised in writing by the transferee to seek independent professional advice regarding the transfer and has either received such advice or knowingly waived such advice in writing; and
(3) The transfer does not contravene any applicable statute or the order of any court or other government authority.
(P.A. 03-110, S. 3.)
See Sec. 52-225l re transfer agreements to which applicable.
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