Cal. Ins. Code § 10135

Current through the 2023 Legislative Session.
Section 10135 - Effective date of article
(a) This article is only applicable to transfers entered into on or after January 1, 2000.
(b) Notwithstanding subdivision (a), the changes to this article made by the act amending this section in the 2001-02 Regular Session shall only be applicable to transfers entered into on or after January 1, 2002.
(c) This article is only applicable to transfers of structured settlement payment rights if one of the following requirements is met:
(1) The payee is domiciled in California at the time the transfer agreement is signed by the payee.
(2) The payee is not domiciled in California at the time the transfer agreement is signed and the state where the payee is domiciled does not have a structured settlement transfer statute, but either the structured settlement obligor or annuity issuer is domiciled in California.

Ca. Ins. Code § 10135

Amended by Stats 2009 ch 593 (SB 510),s 2, eff. 1/1/2010.
Amended by Stats 2001 ch 624 (AB 268), s 2, eff. 1/1/2002.
Added October 10, 1999 (Bill Number: SB 491) (Chapter 742).