Sec. 52-225k. Transfer of structured settlement payment rights: Procedure for approval. - Connecticut Statutes

      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.