This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

California Structured Settlement Transfer Requires Court Approval

Under the California Structured Settlement Protection Act (Cal. Ins. Code §§ 10134-10139), a structured settlement transfer requires court approval, and the law has governed such transfers since 2002. The statute sets out specific requirements a court must evaluate before approving any sale or assignment of future payment rights. These include protections for the payee and rules regarding the transfer agreement's terms. The official source at the California Legislature website lists all statutory factors and exceptions. A step-by-step worked example below demonstrates how the calculation operates under these rules. Use the DocketMath calculator to estimate your own transfer outcome based on the precise statutory framework.

Governing authority

In California, the structured settlement rule is set by Cal. Ins. Code §§ 10134-10139 (Structured Settlement Protection Act). The verified packet cites Cal. Ins. Code §§ 10134-10139 (Structured Settlement Protection Act) (https://leginfo.legislature.ca.gov/faces/codesTOCSelected.xhtml?tocCode=INS&tocTitle=+Insurance+Code+-+INS).

California structured settlement: the verified value is 2002 years under Cal. Ins. Code §§ 10134-10139 (Structured Settlement Protection Act). The verified packet cites Cal. Ins. Code §§ 10134-10139 (Structured Settlement Protection Act) (https://leginfo.legislature.ca.gov/faces/codesTOCSelected.xhtml?tocCode=INS&tocTitle=+Insurance+Code+-+INS).

Estimate your own result: every situation has exceptions that can change the outcome. Use the structured settlement calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.