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§ 34-50-2-7 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 34 - Civil Law and Procedure/
  5. Article 50 - Settlement of Claims/
  6. Chapter 2 - Annuity Structured Settlements34-50-2-1. "Interested Party"/
  7. § 34-50-2-7
Indiana Legal Code

§ 34-50-2-7

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The express findings must include all of the following:(1) The consideration that the payee will receive for the transfer reasonably reflects the present fair market value of the future periodic payments under the structured settlement agreement.(2) The transfer is in the best interest of the payee.(3) The transfer will not materially impair the payee's ability to discharge the payee's obligations to the payee's dependents.(4) If the transferee is the applicant, the transferee has provided to the payee a disclosure statement in accordance with section 6 of this chapter.As added by P.L.219-2001, SEC.6.