IN RE: SEMPRA FINANCE, LLC
Case No.: 20STCP02674
Hearing Date: October 19, 2020
[TENTATIVE] RULING RE:
MOTION FOR ORDER APPROVING TRANSFER OF STRUCTURED SETTLEMENT PAYMENT RIGHTS
The Motion for an Order to Approving Transfer of Structured Settlement Payment Rights By and Between M.W., Transferor, and Sempra Finance, LLC, Transferee, Pursuant to California Insurance Code § 10134, et seq. is GRANTED.
FACTUAL BACKGROUND
Transferor (the “Payee”) entered into a structured settlement agreement in connection with a personal injury claim, which provides for certain lump sum and periodic structured payments. (Pet. ¶¶ 6-8.) Payee has agreed to sell, and Sempra Finance, LLC (the “Petitioner”) has agreed to purchase monthly payments. (Pet. ¶ 9.) Pacific Life and Annuity Services, Inc. (the “Obligor”) is an insurance company which has a continuing periodic payment obligation to the Payee under the structured settlement agreement. (Pet. ¶ 3.) Subject to the Court’s approval of this Petition,
Hearing Date
October 19, 2020
Type
Other Employment Complaint Case (General Jurisdiction)
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IN RE: SEMPRA FINANCE, LLC
Case No.: 20STCP02674
Hearing Date: October 19, 2020
[TENTATIVE] RULING RE:
MOTION FOR ORDER APPROVING TRANSFER OF STRUCTURED SETTLEMENT PAYMENT RIGHTS
The Motion for an Order to Approving Transfer of Structured Settlement Payment Rights By and Between M.W., Transferor, and Sempra Finance, LLC, Transferee, Pursuant to California Insurance Code § 10134, et seq. is GRANTED.
FACTUAL BACKGROUND
Transferor (the “Payee”) entered into a structured settlement agreement in connection with a personal injury claim, which provides for certain lump sum and periodic structured payments. (Pet. ¶¶ 6-8.) Payee has agreed to sell, and Sempra Finance, LLC (the “Petitioner”) has agreed to purchase monthly payments. (Pet. ¶ 9.) Pacific Life and Annuity Services, Inc. (the “Obligor”) is an insurance company which has a continuing periodic payment obligation to the Payee under the structured settlement agreement. (Pet. ¶ 3.) Subject to the Court’s approval of this Petition,