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166 chapters · 2,034 sections in this title.
R.I. Gen. Laws § 27-9.3-1. Short title
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This chapter shall be known and referred to as the “Structured Settlement Protection Act.”
R.I. Gen. Laws § 27-9.3-2. Definitions
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For purposes of this chapter: (1) “Annuity issuer” means an insurer that has issued a contract to fund periodic payments under a structured settlement. (2) “Dependents” includes a payee’s spouse and minor children and all other persons for whom the payee is legally obligated to p…
R.I. Gen. Laws § 27-9.3-3. Required disclosures to payee
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Not less than three (3) 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 (14) points, setting forth: (1) The amounts and due dates of the structured…
R.I. Gen. Laws § 27-9.3-4. Approval of transfers of structured settlement payment rights
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(a) No direct or indirect transfer of structured settlement payment rights shall be effective and no structured settlement obligor or annuity issuer shall be required to make any payment directly or indirectly to any transferee of structured settlement payment rights unless the t…
