ILCS » Chapter 215 · Act 153
Illinois Compiled Statutes

215 ILCS 153/15 (2026)

Approval of transfers of structured settlement payment rights

✓ current as of May 2026
Find cases: SyfertCases citing this section IL-ILGAilga.gov JustiaChapter on Justia CornellLII Search CasesGoogle Scholar
(215 ILCS 153/15)
    Sec. 15. Approval of transfers of structured settlement payment rights. 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 transfer has been approved in advance in a final court order based on express findings by such court that:
        (1) the transfer is in the best interest of the
    
payee, taking into account the welfare and support of the payee's dependents;
        (2) the payee has been advised in writing by the
    
transferee to seek independent professional advice regarding the transfer and has either received such advice or knowingly waived in writing the opportunity to seek and receive such advice; and
        (3) the transfer does not contravene any applicable
    
statute or the order of any court or other government authority.
(Source: P.A. 99-286, eff. 8-5-15.)

    
Notes of Decisions
Cited in 5 cases, 2006–2013 · leading case: Hartford Life Ins. v. Solomon, 910 F. Supp. 2d 1075 (N.D. Ill. 2012).
Sort: Relevance Newest Treatment
Hartford Life Ins. v. Solomon, 910 F. Supp. 2d 1075 (N.D. Ill. 2012). · cites it 2× “See 215 ILCS 153/15; see also Kelley v. Med-1 Solutions, Inc.”
Rapid Settlements, Ltd. v. Symetra Life Ins., 850 N.E.2d 387 (Ill. App. Ct. 2006). “See 215 ILCS 153/15(1), (3) (West 2004). “Where a structured settlement agreement does not permit the payments to be assigned, the [trial] court’s authority to act on a petition seeking approval of the assignment of payments under such an agreement is not invoked ***.”
In Re Foreman, 850 N.E.2d 387 (Ill. App. Ct. 2006). “See 215 ILCS 153/15 (1), (3) (West 2004). "Where a structured settlement agreement does not permit the payments to be assigned, the [trial] court's authority to act on a petition seeking approval of the assignment of payments under such an agreement is not invoked * * *.”
Settlement Funding, LLC v. Brenston, 2013 IL App (4th) 120869 (Ill. App. Ct. 2013). “215 ILCS 153/15 (West 2008). Section 30 expressly provides that the provisions of the Act may not be waived by any payee.”
In re Foreman (Ill. App. Ct. 2006). “See 215 ILCS 153/15 (1), (3) (West 2004). "Where a structured settlement agreement does not permit the payments to be assigned, the [trial] court's authority to act on a petition seeking approval of the assignment of payments under such an agreement is not invoked ***.”
— 215 ILCS 153/15(1) — 1 case
Rapid Settlements, Ltd. v. Symetra Life Ins., 850 N.E.2d 387 (Ill. App. Ct. 2006). “See 215 ILCS 153/15(1), (3) (West 2004). “Where a structured settlement agreement does not permit the payments to be assigned, the [trial] court’s authority to act on a petition seeking approval of the assignment of payments under such an agreement is not invoked ***.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.