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AR HB1931

Bill

Official Source

Status

Failed

4/22/2015

Primary Sponsor

Greg Leding

Click for details

Origin

House of Representatives

90th General Assembly (2015 Regular)

AI Summary

  • Amends Arkansas Code § 23-81-705(3) regarding division of periodic payments from structured settlements

  • Prohibits annuity issuers and structured settlement obligors from dividing periodic payments between a payee and transferee/assignee or among multiple transferees/assignees

  • Adds requirement that court must find the transfer to be in the payee's best interest before payment division is permitted

Legislative Description

Concerning Effects Of Transfer Of Structured Settlement Payment Rights Under The Structured Settlement Protection Act.

Last Action

Died in House Committee at Sine Die adjournment.

4/22/2015

Committee Referrals

Insurance and Commerce3/10/2015

Full Bill Text

No bill text available