Sec. 52-225k. Transfer of structured settlement payment rights: Procedure for approval.
Sec. 52-225k. Transfer of structured settlement payment rights: Procedure
for approval. (a) An application under sections 52-225g to 52-225l, inclusive, for approval of a transfer of structured settlement payment rights shall be made by the transferee and may be brought in the superior court for the judicial district in which the payee
resides or in which the structured settlement obligor or annuity issuer maintains its
principal place of business or in the superior court or before the responsible administrative authority that approved the structured settlement agreement.
(b) Not less than twenty days prior to the scheduled hearing on any application for
approval of a transfer of structured settlement payment rights under section 52-225i,
the transferee shall file with the court or responsible administrative authority and serve
on all interested parties a notice of the proposed transfer and the application for its
approval, including with the notice:
(1) A copy of the transferee's application;
(2) A copy of the transfer agreement;
(3) A copy of the disclosure statement required under section 52-225h;
(4) A listing of each of the payee's dependents, together with each dependent's age;
(5) Notification that any interested party is entitled to support, oppose or otherwise
respond to the transferee's application, either in person or by counsel, by submitting
written comments to the court or responsible administrative authority or by participating
in the hearing; and
(6) Notification of the time and place of the hearing and notification of the manner
in which and the time by which written responses to the application must be filed, which
shall be not less than fifteen days after service of the transferee's notice, in order to be
considered by the court or responsible administrative authority.
(P.A. 03-110, S. 5.)
See Sec. 52-225l re transfer agreements to which applicable.