Source: http://www.settlementexchange.org/state-structured-settlement-protection-act/sell-structured-settlements-tennessee-sell-structured-insurance-settlements/
Timestamp: 2019-04-25 20:25:04
Document Index: 383885482

Matched Legal Cases: ['§ 2', '§ 4', '§ 5', '§ 6', '§ 7', '§ 8']

Prior to selling structured insurance settlements in TN, one needs to be keenly aware of their rights as a structured insurance settlement recipient under the Tennessee Structured Settlement Protection Act.
Receiving lump sum cash for structured settlement Payments can be an exciting proposition to a structured insurance settlement recipient in Tennessee. Settlement Exchange recommends that you review your structured insurance recipient and annuitant rights before contemplating the sale of structured settlement payments in Tennessee 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 Tennessee 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 Tennessee Structured Settlement Protection Act dictates that a transferee of structured settlements must reside in the state of Tennessee. A Tennessee 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 Tennessee Structured Settlement Protection Act and a direct link for your benefit.
47-18-2601. Short title. —
47-18-2602. Definitions. —
(3) “Dependents” includes a payee’s spouse and minor children and all other family members and other persons for whom the payee is legally obligated to provide support, including alimony;
(17) “Transfer agreement” means the agreement providing for transfer of structured settlement payment rights from a payee to a transferee. [Acts 2000, ch. 758, § 2.]
47-18-2603. Transfer agreement — Requirements. —
[Acts 2000, ch. 758, § 4.]
47-18-2604. Circuit court jurisdiction — Requirements for notice — Best interest standard — Fees. —
[Acts 2000, ch. 758, § 5.]
47-18-2605. Waiver — Failure to satisfy conditions. —
[Acts 2000, ch. 758, § 6.]
47-18-2606. Other statutory provisions remain valid. —
[Acts 2000, ch. 758, § 7.]
47-18-2607. Applicability. —
[Acts 2000, ch. 758, § 8.]