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Colo. Rev. Stat. § 13-23-101 Short title
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This article shall be known and may be cited as the "Structured Settlement Protection Act". Source: L. 2004: Entire article added, p. 494, § 1, effective July 1.
Colo. Rev. Stat. § 13-23-102 Definitions
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As used in this article, unless the context otherwise requires: (1) "Annuity issuer" means an insurer that has issued a contract to fund periodic payments under a structured settlement. (2) "Dependent" means a payee's spouse, minor child, or any person for whom the payee is legal…
Colo. Rev. Stat. § 13-23-103 Required disclosures to payee
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(1) Not fewer 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: (a) The amounts and due dates of the structured set…
Colo. Rev. Stat. § 13-23-104 Approval of transfers of structured settlement payment rights
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(1) A direct or indirect transfer of a structured settlement payment right shall not be effective and a structured settlement obligor or annuity issuer shall not be required to make a payment directly or indirectly to a transferee of a structured settlement payment right unless t…