by Structured Settlement Watchdog
If you want to learn about structured settlements visit How Structured Settlements Work: A Comprehensive Guide – Structured Settlements 4Real®Blog
Let’s examine why sellstructuredsettlement.online is in serious need of improvement.
How thoughtful! A blog “Summery” in the Summer
- They ask Is there government oversight, for companies that deal with settlements?
- They say Structured settlement firms are overseen by regulations, at both the state levels to guarantee ethical standards and lawful adherence.
- Can “rules” perform the physical act of overseeing? Let’s solve this puzzle shall we?!
What are Regulations?
- State regulations, or administrative laws, are rules adopted by the executive branch and agencies of each state. These regulations provide guidance on how to follow the laws (statutes) passed by the legislative bodies of each state. In Connecticut, regulations are rules adopted by Connecticut state agencies and some boards and commissions. Regulations are adopted in Connecticut pursuant to the Uniform Administrative Procedure Act Chapter 54 of the General Statutes and the rules of the Legislative Regulation Review Committee (LRRC). Generally, a regulation must (1) be properly noticed, (2) have a public comment period, (3) be approved by the Attorney General as to legal sufficiency, (4) be approved by the LRRC, and (5) be filed in the Secretary of the State’s office. Source: Regulations in Connecticut eRegulations – eRegulations Information
- “Regulations, on the other hand, are standards and rules adopted by administrative agencies that govern how laws will be enforced” Source: FindLaw
With few exceptions, regulatory oversight of sales practices of structured settlement factoring companies remains minimal-a flawed approach that has resulted in harmful consequences for over two decades. In many jurisdications, existing regulations fail to act as an effective deterrent or uphold ethical standards in transaction targeting vulnerable individuals
- Despite the fancy title of “Structured Settlement Protection Acts” in all 50 states, and it taking two decades to get there—talk about a slow-moving train, only a few states bothered to regulate the shady sales practices of certain structured settlement settlement transfer companies.
- Some acted only after scathing exposés uncovered shocking accounts of misconduct. Maryland, Minnesota, and South Carolina were effectively compelled into action by public outrage.
- Fast forward to today, and just six states require transferee registration. Yep, Georgia, West Virginia, and Louisiana joined the party too. Six out of fifty—what a stellar accomplishment for the structured settlement secondary market and financial regulators in the remaining states!
- A case pending in the District of Columbia involves a pillaging of a structured settlement of a woman with a 56 IQ who has only held employment for a grand total of 6 months in her life. DC has a structuredued settlement protection act and it utterly failed.this woman.. see my August 21, 2024 blog DC Lead Paint Victim with 56 IQ Exploited by Delaware Structured Settlement Factoring Company Says DC Lawsuit – Structured Settlements 4Real®Blog
This past weekend I finished up the CE credits due biennially for my home state insurance license. I only needed 1 ethics credit but the course was for 3. I can think of a few partcipants in the structured settlement secondary market by name that might benefit from a course like this to rejigger their ethical compass away from claiming to be “from the Courts” while soliciting a 17 year old minor through his mother, or wearing a insurance company branded shirt in a Zoom call, or insurer logo wheel on theri webiste without having been appointed with any of the companies displayed.
By the way, are you as curious as I am about “at both the state Levels” ? LOL
Does the Sale of Structured Settlement Payments Hinge on a Court “Sanction”?
What are Court Sanctions? Court sanctions are legal remedies imposed by a court to address violations of legal rules or misconduct by parties in litigation, aimed at maintaining the integrity of the judicial process.
Sanctions are a completely different thing to the act of “approving a structured settlement transfer” or “making a finding that a structured settlement transfer is in the best interest of a proposed seller and any applicable dependents” of the proposed seller.
My longstanding aim as the Structured Settlement Watchdog is to pave the way for accurate structured settlement information through critical commentary, education, and baloney detection.
Last updated November 23, 2025