Colonial pays cash for structured settlements!

Georgia statues regarding Structured Settlements. This state statute overseeing the sale of structured settlement payments and the buying of annuities is not the Model Act but should comply with Federal Law if a declaratory judgment is obtained (Colonial's interpretation) CODE OF GEORGIA TITLE 51. TORTS CHAPTER 12. DAMAGES ARTICLE 4. DAMAGES IN TORT ACTIONS
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51-12-72 Written transfer agreement required.

(a) Any transfer agreement of structured settlement payment rights must, in addition to the other requirements
of this article, be executed in writing. The transfer agreement shall not be so executed until after the expiration
of the ten-day period provided for in paragraph (2) of Code Section 51-12-71.

(b) No payee shall incur any obligation of any type with respect to a proposed transfer of structured settlement
payment rights prior to the execution in writing of the transfer agreement.

(c) Any payee who executes in writing a transfer agreement shall have the right to rescind the transfer at any
time within the next 21 days following the written execution of the transfer agreement. The transferee shall
furnish to the payee at the time of execution of the transfer agreement a notice to the payee allowing the
payee 21 days to cancel the transfer. This right to cancel shall not limit or otherwise affect the payee's right
to cancel pursuant to any other provision of applicable law. The notice shall serve as the cover sheet to the
transfer documents. It shall be on a separate sheet of paper with no other written or pictorial material, in at
least ten-point bold type, double spaced, and shall read substantially as follows:

"NOTICE OF CANCELLATION RIGHTS:

Please read this form completely and carefully. It contains valuable cancellation rights.

You may cancel this transaction at any time prior to 5:00 P.M. of the twenty- first day following receipt of
this notice.

This cancellation right cannot be waived in any manner.

To cancel, sign this form, and mail or deliver it to the address below by 5:00 P.M. of _________________
(the twenty-first day following the transaction). It is best to mail it by certified mail or statutory overnight
delivery, return receipt requested, and to keep a photocopy of the signed form and your post office receipt.

Address to which cancellation is to be returned:

______________________________________________________

I (we) hereby cancel this transaction.

________________________________ Payee's Signature

Date: ________________________________

51-12-73 (For effective date, see note) Powers and duties of the administrator

(a) The administrator is authorized to promulgate, adopt, and issue rules, regulations, and orders necessary
or convenient to carry out the provisions and purposes of this article. Any such rules of a substantive nature
shall be promulgated only when it is determined by the administrator, in the reasonable exercise of his or
her discretion and on the basis of his or her expertise and the facts, submissions, evidence, and all
information before him or her, that such rules are needed to prohibit or control acts or practices which
create the probability of actual injury to payees.

(b) The administrator shall prepare a pamphlet containing information designed to help payees evaluate
proposed transfers of structured settlements and shall distribute such pamphlets free of charge, except that
persons engaged in the business of purchasing structured settlement payment rights may be charged a
reasonable fee for such pamphlets.

51-12-76 Provisions unwaivable; no penalty or forfeiture.

(a) The provisions of this article may not be waived.

(b) No payee who proposes to make a transfer of structured settlement payment rights shall incur any
penalty, forfeit any application fee or other payment, or otherwise incur any liability to the proposed
transferee based on:

(1) Any failure of such transfer to satisfy the conditions of this article; or

(2) Any failure by the payee to execute the transfer agreement or any cancellation by the payee within
the time prescribed in Code Section 51-12- 72.

51-12-77 Construction in accordance with other laws.

Nothing contained in this article shall be construed to authorize any transfer of structured settlement
payment rights in contravention of applicable law or to give effect to any transfer of structured
settlement payment rights that is invalid under applicable law.

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