Source: http://www.settlementexchange.org/state-structured-settlement-protection-act/sell-structured-settlements-mississippi-sell-structured-insurance-settlements-2/
Timestamp: 2018-12-12 03:10:33
Document Index: 402380059

Matched Legal Cases: ['§ 11', '§ 1', '§ 11', '§ 2', '§ 11', '§ 11', '§ 11', '§ 5', '§ 11', '§ 6', '§ 11', '§ 7', '§ 11', '§ 8']

Sell Annuities & Structured Settlements in Mississippi
Prior to selling structured insurance settlements in MS, one needs to be keenly aware of their rights as a structured insurance settlement recipient under the Mississippi Structured Settlement Protection Act.
Receiving lump sum cash for structured settlement payments can be an exciting proposition to a structured insurance settlement recipient in Mississippi. Settlement Exchange recommends that you review your structured insurance recipient and annuitant rights before contemplating the sale of structured settlement payments in Mississippi 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 Mississippi 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 Mississippi Structured Settlement Protection Act dictates that a transferee of structured settlements must reside in the state of Mississippi. A Mississippi 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 Mississippi Structured Settlement Protection Act and a direct link for your benefit.
§ 11-57-1. Short Title.
Sources: Laws, 2002, ch. 530, § 1, eff from and after July 1, 2002.
§ 11-57-3. Definitions.
(g) “Net advance amount” means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under Section 11-57-5(e).
Sources: Laws, 2002, ch. 530, § 2, eff from and after July 1, 2002.
§ 11-57-5. Disclosure statement.
§ 11-57-7. Transfers of structured settlement payment rights.
§ 11-57-9. Consequences of transfer.
(ii) For any other liabilities or costs, including reasonable costs and attorney’s fees, arising from compliance by such parties with the order of the court or responsible administrative authority or arising as a consequence of the transferee’s failure to comply with this chapter;
Sources: Laws, 2002, ch. 530, § 5, eff from and after July 1, 2002.
§ 11-57-11. Application for transfer; notification; hearing.
(2) Not less than twenty (20) days prior to the scheduled hearing on any application for approval of a transfer of structured settlement payment rights under Section 11-57-7, the transferee shall file with the court or responsible administrative authority and serve on all interested parties a notice of the proposed transfer and the application for its authorization, including with such notice:
Sources: Laws, 2002, ch. 530, § 6, eff from and after July 1, 2002.
§ 11-57-13. Transferee and payee responsibilities.
Sources: Laws, 2002, ch. 530, § 7, eff from and after July 1, 2002.
§ 11-57-15. Applicability.
Sources: Laws, 2002, ch. 530, § 8, eff from and after July 1, 2002.