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New York Broker's Affidavit for a Structured Settlement

Category:
New York Statewide - General
State:
New York
Control #:
NY-CIV-25
Format:
PDF
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Description

Broker's Affidavit for a Structured Settlement A New York Broker's Affidavit for a Structured Settlement is a legal document that is used in the state of New York and is signed by a qualified broker who is authorized to act as a representative for a structured settlement annuitant. The affidavit is used to verify the accuracy of the information concerning the structured settlement annuitant and the value of the structured settlement annuity. The affidavit serves as an assurance that the structured settlement annuitant is properly represented and that the structured settlement annuity was purchased from a qualified financial institution. There are two types of New York Broker's Affidavit for a Structured Settlement: the Qualified Broker's Affidavit and the Non-Qualified Broker's Affidavit. The Qualified Broker's Affidavit is used when the broker is registered with the New York State Department of Financial Services and is a member of National Association of Structured Settlement Planners or other organizations that are approved by the Department of Financial Services. The Non-Qualified Broker's Affidavit is used when the broker is not registered with the New York State Department of Financial Services.

A New York Broker's Affidavit for a Structured Settlement is a legal document that is used in the state of New York and is signed by a qualified broker who is authorized to act as a representative for a structured settlement annuitant. The affidavit is used to verify the accuracy of the information concerning the structured settlement annuitant and the value of the structured settlement annuity. The affidavit serves as an assurance that the structured settlement annuitant is properly represented and that the structured settlement annuity was purchased from a qualified financial institution. There are two types of New York Broker's Affidavit for a Structured Settlement: the Qualified Broker's Affidavit and the Non-Qualified Broker's Affidavit. The Qualified Broker's Affidavit is used when the broker is registered with the New York State Department of Financial Services and is a member of National Association of Structured Settlement Planners or other organizations that are approved by the Department of Financial Services. The Non-Qualified Broker's Affidavit is used when the broker is not registered with the New York State Department of Financial Services.

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