Washington · statute · Wash. Rev. Code ch. 19.205 · 8 active provisions
The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.(1) "Annuity issuer" means an insurer that has issued a contract to fund periodic payments under a structured settlement.(2) "Dependents" means a payee's spouse and minor children and all other persons for whom t…
Not less than three days prior to the date on which a payee signs a transfer agreement, the transferee shall provide to the payee a separate disclosure statement, in bold type no smaller than fourteen points, setting forth:(1) The amounts and due dates of the structured settlement payments to be transferred;(2) The agg…
A direct or indirect transfer of structured settlement payment rights is not effective and a structured settlement obligor or annuity issuer is not 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 co…
Following a transfer of structured settlement payment rights under this chapter:(1) The structured settlement obligor and the annuity issuer shall, as to all parties except the transferee, be discharged and released from any and all liability for the transferred payments;(2) The transferee shall be liable to the struct…
(1) An application under this chapter for approval of a transfer of structured settlement payment rights shall be made by the transferee and may be brought in the county in which the payee resides, in the county in which the structured settlement obligor or the annuity issuer maintains its principal place of business,…
(1) The provisions of this chapter may not be waived by any payee.(2) Any transfer agreement entered into on or after July 22, 2001, by a payee who resides in this state shall provide that disputes under such transfer agreement, including any claim that the payee has breached the agreement, shall be determined in and u…
This chapter may be known and cited as the structured settlement protection act.
For the purposes of this chapter, the terms spouse, marriage, marital, husband, wife, widow, widower, next of kin, and family shall be interpreted as applying equally to state registered domestic partnerships or individuals in state registered domestic partnerships as well as to marital relationships and married person…