A. An application under the Structured Settlement Protection Act for approval of a transfer of structured settlement payment rights shall be made by the transferee and may be brought in the county in which the payee resides, in the county in which the structured settlement obligor or the annuity issuer maintains its principal place of business, or in any court or before any responsible administrative authority which approved the structured settlement agreement.
§ 3243.Application For Approval of Transfer of Payment Rights
Chapter 41A: Structured Settlement Protection Act of 2001 · Not amended since adoption on record · Last verified August 3, 2026
In one sentenceTells a transferee where to file for court approval -- where the payee lives, where the obligor or annuity issuer is based, or the court that approved the original settlement -- and sets a twenty-day notice period with specific documents interested parties must receive before the hearing.
Full Text of § 3243
B. Not less than twenty (20) days prior to the scheduled hearing on any application for approval of a transfer of structured settlement payment rights under Section 4 of this act, the transferee shall file with the court or responsible administrative authority and serve on all interested parties a notice of the proposed transfer and the application for its authorization, including with such notice:
1. A copy of the transferee's application;
2. A copy of the transfer agreement;
3. A copy of the disclosure statement required under Section 3 of this act;
4. A listing of each of the payee's dependents, together with each dependent's age;
5. Notification that any interested party is entitled to support, oppose or otherwise respond to the transferee's application, either in person or by counsel, by submitting written comments to the court or responsible administrative authority or by participating in the hearing; and
6. Notification of the time and place of the hearing and notification of the manner in which and the time by which written responses to the application must be filed, which shall be not less than fifteen (15) days after service of the transferee's notice, in order to be considered by the court or responsible administrative authority.
Amendment History
Added by Laws 2001, SB 545, c. 70, §6, eff. 11/1/2001.
Plain-English Summary
Section 3243 lays out the mechanics of getting a transfer approved. The transferee files the application, and can choose among three venues: the county where the payee lives, the county where the structured settlement obligor or annuity issuer has its principal place of business, or the court or administrative authority that originally approved the settlement.
At least twenty days before the hearing, the transferee must file with the court and serve every interested party with notice of the proposed transfer, along with a copy of the application, the transfer agreement, and the disclosure statement required under Section 3240. The notice must also list each of the payee's dependents and their ages, tell interested parties they can support, oppose, or otherwise respond in person, through counsel, in writing, or at the hearing, and spell out the hearing's time and place. Written responses are due no less than fifteen days after service, or the court and authority need not consider them.
Frequently Asked Questions
Where can a transferee file to get my structured settlement transfer approved?
In the county where the payee resides, the county where the structured settlement obligor or annuity issuer has its principal place of business, or the court or authority that originally approved the settlement.
How much advance notice do interested parties get before the approval hearing?
At least twenty days before the scheduled hearing.
What has to be included with the notice of a proposed transfer?
A copy of the application, the transfer agreement, and the disclosure statement, plus a list of the payee's dependents and their ages, and notice of the hearing's time, place, and response deadline.
How long do I have to file a written response opposing a transfer?
The notice must set a deadline of not less than fifteen days after the transferee serves it, and the court or authority isn't required to consider a late response.
Source & verification. Section text is reproduced verbatim from
Title 12 of the Oklahoma Statutes, enacted by the Oklahoma Legislature.
Last verified August 3, 2026.
· Official source
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