Wash. Rev. Code » Title 19 · Chapter 19.205

Wash. Rev. Code § 19.205.030

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A direct or indirect transfer of structured settlement payment rights is not effective and a structured settlement obligor or annuity issuer is not 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 or order of a responsible administrative authority based on express findings by such court or responsible administrative authority 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 such advice in writing; and
(3) The transfer does not contravene any applicable statute or the order of any court or other government authority.
[ 2001 c 178 s 4.]
Notes of Decisions
Cited in 7 cases, 2006–2020 · leading case: Rapid Settlements Ltd's v. Symetra Assigned Benefits Service Co.
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Rapid Settlements Ltd's v. Symetra Assigned Benefits Service Co. (2006) washctapp · cites it 9× “RCW 19.205.030. The act allows Rapid to apply for approval in the county in which the payee resided or the county in which the structured settlement obligor or annuity issuer maintains its principal place of business.”
Rapid Settlements, Ltd. v. Symetra Life Insurance (2006) washctapp · cites it 3× “Rapid’s reasoning is that a transfer cannot occur under the chapter unless the court approves the transfer and makes the necessary findings under RCW 19.205.030. Since the court did not approve the transfer in this case, Rapid argues that the attorney fees provision does not…”
Symetra Life Insurance v. Rapid Settlements, Ltd. (2014) ca5 · cites it 2× “004; Wash. Rev. Code § 19.205.030 , the Acts require Rapid to get explicit court approval of first-refusal rights.”
In re Rapid Settlements, LTD's Application for Approval of Transfer (2015) washctapp “See RCW 19.205.030 (requiring court or agency approval).”
Dean v. Symetra Assigned Benefits Service Co. (2006) washctapp · cites it 9× “RCW 19.205.030. The act allows Rapid to apply for approval in the county in which the payee resided or the county in which the structured settlement obligor or annuity issuer maintains its principal place of business.”
Glaze v. Foodmaker Inc (2020) wawd · cites it 4× “3d 925 (2012), the situation 17 at issue in this case nevertheless falls within the scope of the WSSPA, and the transfer 18 requires the Court’s approval, see RCW 19.205.030. 19 Having reviewed all of the materials submitted by Glaze/Collins in support of his 20 WSSPA motion,…”
In Re A Transfer Of Structured Settlement Payment Rights By Laurel J. Shanks (2014) tennctapp “2006) (explaining that Washington’s SSPA explicitly provides that an order transferring structured settlement payment rights in that state must “not violate the order of any court”) (citing Wash. Rev. Code § 19.205.030 (3)). We stress again that our primary objective when…”
— Wash. Rev. Code § 19.205.030(1) — 2 cases
Symetra Life Insurance v. Rapid Settlements, Ltd. (2014) ca5 “004; Wash. Rev. Code § 19.205.030 , the Acts require Rapid to get explicit court approval of first-refusal rights.”
Glaze v. Foodmaker Inc (2020) wawd “3d 925 (2012), the situation 17 at issue in this case nevertheless falls within the scope of the WSSPA, and the transfer 18 requires the Court’s approval, see RCW 19.205.030. 19 Having reviewed all of the materials submitted by Glaze/Collins in support of his 20 WSSPA motion,…”
— Wash. Rev. Code § 19.205.030(2) — 1 case
Glaze v. Foodmaker Inc (2020) wawd “3d 925 (2012), the situation 17 at issue in this case nevertheless falls within the scope of the WSSPA, and the transfer 18 requires the Court’s approval, see RCW 19.205.030. 19 Having reviewed all of the materials submitted by Glaze/Collins in support of his 20 WSSPA motion,…”
— Wash. Rev. Code § 19.205.030(3) — 4 cases
Rapid Settlements Ltd's v. Symetra Assigned Benefits Service Co. (2006) washctapp “RCW 19.205.030. The act allows Rapid to apply for approval in the county in which the payee resided or the county in which the structured settlement obligor or annuity issuer maintains its principal place of business.”
Rapid Settlements, Ltd. v. Symetra Life Insurance (2006) washctapp “Rapid’s reasoning is that a transfer cannot occur under the chapter unless the court approves the transfer and makes the necessary findings under RCW 19.205.030. Since the court did not approve the transfer in this case, Rapid argues that the attorney fees provision does not…”
Dean v. Symetra Assigned Benefits Service Co. (2006) washctapp “RCW 19.205.030. The act allows Rapid to apply for approval in the county in which the payee resided or the county in which the structured settlement obligor or annuity issuer maintains its principal place of business.”
Glaze v. Foodmaker Inc (2020) wawd “3d 925 (2012), the situation 17 at issue in this case nevertheless falls within the scope of the WSSPA, and the transfer 18 requires the Court’s approval, see RCW 19.205.030. 19 Having reviewed all of the materials submitted by Glaze/Collins in support of his 20 WSSPA motion,…”
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