33-20-1411. Responsibility for compliance -- liability. (1) Compliance with the requirements in 33-20-1403 and fulfillment of the conditions in 33-20-1404 are the sole responsibility of the transferee in any transfer of a structured settlement payment right. Neither the structured settlement obligor nor the annuity issuer bears responsibility for or liability arising from noncompliance with 33-20-1403 or failure to fulfill the conditions of 33-20-1404.
(2) A payee who proposes to make a transfer of a structured settlement payment right may not incur a penalty, forfeit an application fee or other payment, or otherwise incur any liability to the proposed transferee or any assignee based on a failure of a transfer agreement to satisfy the conditions of this part.
History: En. Sec. 11, Ch. 351, L. 2005.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Part 14. Structured Settlement Protection
33-20-1403. Disclosure to payee
33-20-1404. Transfer of structured settlement payment right -- conditions
33-20-1405. Obligations after transfer
33-20-1406. Additional transfers
33-20-1407. Jurisdiction -- notice
33-20-1408. Waiver not allowed
33-20-1409. Disputes -- entry of judgment
33-20-1410. Contingent payment conditions