Rapid Settlements Ltd's v. Symetra Assigned Benefits Service Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that first-refusal rights are “an additional means by .which the transfer agreement encumbers all of the periodic payments”
• explaining that Washington’s SSPA explicitly provides that an order transferring structured settlement payment rights in that state must “not violate the order of any court”
• discussing different approaches used in addressing anti-assignment clauses in structured settlement agreements, applying North Carolina law
• reversing state-court approval of transfer agreement because the Rapid Settlements disclosure statements to the annuitants did not disclose rights of first refusal, penalties, or security interests present in the proposed transfer agreements
• “[T]he right to file financing statements is a hypothecation of the [annuitants’] rights to their periodic payments.”
• “Courts in other jurisdictions have taken differing approaches to antiassignment clauses in structured settlement agreements.”

Source: CourtListener parenthetical corpus (CC0).