Source: http://www.settlementexchange.org/state-structured-settlement-protection-act/sell-structured-settlements-pennsylvania-sell-structured-insurance-settlements/
Timestamp: 2019-02-17 22:20:16
Document Index: 603555727

Matched Legal Cases: ['§ 4002', '§ 1', '§ 1', '§ 1', '§ 2', '§ 4002', '§ 4002', '§ 4003', '§ 4003', '§ 3', '§ 4003', '§ 4003', '§ 4004', '§ 4004', '§ 4', '§ 4004', '§ 4004', '§ 4005', '§ 4005', '§ 5', '§ 4005', '§ 4005', '§ 4006', '§ 4006', '§ 6', '§ 4006', '§ 4006', '§ 4007', '§ 4007', '§ 7', '§ 4007', '§ 4007', '§ 4008', '§ 4008', '§ 8', '§ 4008', '§ 4008', '§ 4009', '§ 4009', '§ 9', '§ 4009', '§ 4009']

Sell Annuities & Structured Settlements in Pennsylvania
Prior to selling structured insurance settlements in PA, one needs to be keenly aware of their rights as a structured insurance settlement recipient under the Pennsylvania Structured Settlement Protection Act.
Receiving lump sum cash for structured settlement payments can be an exciting proposition to a structured insurance settlement recipient in Pennsylvania. Settlement Exchange recommends that you review your structured insurance recipient and annuitant rights before contemplating the sale of structured settlement payments in Pennsylvania or even procuring cash quotes for your structured settlement.
We firmly believe that basic education is the key to securing the best quotes for structured insurance settlements and lottery annuity payments. We always advise that one knows their rights as protected under the Pennsylvania Structured Settlement Protection Act. We also advise that one should secure their own legal advice before attempting to get cash for structured settlement payments.
The Pennsylvania Structured Settlement Protection Act dictates that a transferee of structured settlements must reside in the state of Pennsylvania. An Pennsylvania State court must also approve the selling of the structured insurance settlement and the sale of structured insurance settlements has to be in the best interest of the structured settlement recipient in all cases.
We have attached a copy of the Pennsylvania Structured Settlement Protection Act and a direct link for your benefit.
40 P.S. § 4002
Purdon’s Pennsylvania Statutes and Consolidated Statute
“Best interests.” The standard applicable to transfers of structured settlement payment rights based on judicial findings regarding the payee and his dependents, as required by section 3(a)(3), unless if at the time the payee and the transferee enter into the transfer agreement a different standard is contained in the Internal Revenue Code of 1986 (Public Law 99-514, 26 U.S.C. § 1 et seq.) or in a United States Treasury regulation adopted pursuant thereto, then such different standard.
(1) a provision of the Internal Revenue Code of 1986 (Public Law 99-514, 26 U.S.C. § 1 et seq.) or United States Treasury regulation;
“Qualified assignment agreement.” An agreement providing for a qualified assignment within the meaning of section 130 of the Internal Revenue Code of 1986 (Public Law 99-514, 26 U.S.C. § 1 et seq.).
2000, Feb. 11, P.L. 1, No. 1, § 2, effective in 60 days.
40 P.S. § 4002, PA ST 40 P.S. § 4002
40 P.S. § 4003
Current through Act 2010-60
Purdon’s Pennsylvania Statutes and Consolidated Statutes
§ 4003. Conditions to transfers of structured settlement payment rights
2000, Feb. 11, P.L. 1, No. 1, § 3, effective in 60 days.
40 P.S. § 4003, PA ST 40 P.S. § 4003
40 P.S. § 4004
§ 4004. Jurisdiction; procedure for approval of transfers
2000, Feb. 11, P.L. 1, No. 1, § 4, effective in 60 days.
40 P.S. § 4004, PA ST 40 P.S. § 4004
40 P.S. § 4005
§ 4005. Discharge of structured settlement obligor and annuity issuer
2000, Feb. 11, P.L. 1, No. 1, § 5, effective in 60 days.
40 P.S. § 4005, PA ST 40 P.S. § 4005
40 P.S. § 4006
§ 4006. No waiver; no penalties
2000, Feb. 11, P.L. 1, No. 1, § 6, effective in 60 days.
40 P.S. § 4006, PA ST 40 P.S. § 4006
40 P.S. § 4007
§ 4007. Penalty
2000, Feb. 11, P.L. 1, No. 1, § 7, effective in 60 days.
40 P.S. § 4007, PA ST 40 P.S. § 4007
40 P.S. § 4008
§ 4008. Construction
2000, Feb. 11, P.L. 1, No. 1, § 8, effective in 60 days.
40 P.S. § 4008, PA ST 40 P.S. § 4008
40 P.S. § 4009
§ 4009. Applicability
2000, Feb. 11, P.L. 1, No. 1, § 9, effective in 60 days.
40 P.S. § 4009, PA ST 40 P.S. § 4009