Title 13, Courts and Court Procedure
0 chapters · 1,119 sections in this title.
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 legally o…
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…
Colo. Rev. Stat. § 13-23-105 Effect of transfer of structured settlement payment right
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(1) Following a transfer of a structured settlement payment right pursuant to this article: (a) The structured settlement obligor and the annuity issuer shall, as to all parties except the transferee, be discharged and released from all liability for the transferred payments; (b)…
Colo. Rev. Stat. § 13-23-106 Procedure for approval of transfer
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(1) An application under this article for approval of a transfer of a structured settlement payment right shall be made by the transferee and may be brought: (a) In the district court for the county in which the payee resides; (b) In the district court for the county in which the…
Colo. Rev. Stat. § 13-23-107 General provisions - construction
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(1) The provisions of this article may not be waived by any payee. (2) Any transfer agreement entered into on or after July 1, 2004, by a payee who resides in Colorado shall provide that disputes under such transfer agreement, including any claim that the payee has breached the a…
Colo. Rev. Stat. § 13-23-108 Exceptions - judgment for periodic payment against a health-care professional or institution - assignment of workers' compensation benefits
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Nothing in this article shall apply to a judgment entered pursuant to the provisions of part 2 of article 64 of this title or to compensation or benefits due under articles 40 to 47 of title 8, C.R.S. Source: L. 2004: Entire article added, p. 500, � 1, effective July 1.