The hearing on Petitioner Transamerica Premier Life Insurance Company’s Petition for Approval of Transfer of Structured Settlement Payment Rights By and Between E.R., Transferor, and Transamerica Premier Life Insurance Company, Transferee is CONTINUED TO July 17, 2020 8:30AM.

Background

E.R. (“Transferor”) has agreed to sell, and Transamerica Premier Life Insurance Company (“Transferee”) has agreed to purchase, Transferor’s rights of structured settlement payments arising in connection with a personal injury claim.

The petition, filed April 17, 2020, seeks court approval for transfer of structured settlement payment rights by and between Transferor and Transferee.

Discussion

On or about May 12, 2000, Transferor, by and through his guardian ad litem, entered into a Mutual Release of All Claims and Settlement Agreement (“Settlement Agreement”) for the settlement of a claim for damages arising in connection with a personal injury claim, in which Transferor became entitled to various