Maryland Courts and Judicial Proceedings Section 5-1102
(a)   A direct or indirect transfer of structured settlement payment rights to a transferee is effective as provided in this subtitle.
(b)   A structured settlement obligor or annuity issuer may not make any payment directly or indirectly to a transferee of structured settlement payment rights unless the transfer is authorized in an order of a court based on a finding that:
(1)   The transfer is necessary, reasonable, or appropriate;
(2)   The transfer is not expected to subject the payee, the payee's dependents, or both, to undue or unreasonable financial hardship in the future;
(3)   The payee received independent professional advice regarding the legal, tax, and financial implications of the transfer; and
(4)   The transferee disclosed to the payee the discounted present value.