32-03.4-08. Life-contingent payments not to be transferred - Exception
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ND Code › Title 32 › Chapter 32-03.4 › Section 32-03.4-08
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32-03.4-08. Life-contingent payments not to be transferred - Exception
A transfer of structured settlement payment rights may not extend to any payments that are
life-contingent unless, before the date on which the payee signs the transfer agreement, the
transferee has established and has agreed to maintain procedures reasonably satisfactory to
the annuity issuer and the structured settlement obligor for periodically confirming the payee's
survival and giving the annuity issuer and the structured settlement obligor prompt written notice
in the event of the payee's death.
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