New Hampshire § 408-G:3 Approval of Transfers of Structured Settlement Payment Rights

New Hampshire Statutes

§ 408-G:3 — Approval of Transfers of Structured Settlement Payment Rights

New Hampshire § 408-G:3

Title XXXVIIINSURANCE

Ch. 408-GSTRUCTURED SETTLEMENT PROTECTION

This text of New Hampshire § 408-G:3 (Approval of Transfers of Structured Settlement Payment Rights) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 408-G:3 (2026).

Text

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 or assignee 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:

I.The transfer is in the best interest of the payee, taking into account the welfare and support of the payee's dependents; and

II.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

III.The transfer does not contrav

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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 or assignee 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:
I. The transfer is in the best interest of the payee, taking into account the welfare and support of the payee's dependents; and
II. 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
III. The transfer does not contravene any applicable statute or the order of any court or other government authority.