Some states require structured settlement purchase companies (SSPCs) to register with a regulatory agency before conducting business. Below is a comprehensive list of states with active registration requirements.
Registration Required
Georgia
O.C.G.A. § 44-12-233. $250 fee, $50,000 surety bond.
Registration Required
Louisiana
R.S. 22:941. SOS registration + insurance licensing.
Registration Required
Maine
10 MRSA § 3401 et seq. Bureau of Insurance licensing.
Registration Required
Maryland
Cts. & Jud. Proc. § 5-1101. MIA registration.
Registration Required
Minnesota
Minn. Stat. § 549.31. Commerce Dept. licensing.
Registration Required
Nevada
NRS § 42.200. SOS registration, $50,000 surety bond.
Registration Required
South Carolina
2024 Act. $1,250 fee, $50,000 surety bond. New regime.
Registration Required
West Virginia
W. Va. Code § 46A-6H. Consumer protection filing.
States Without Specific Registration
The majority of states do not require a separate SSPC registration. In these states, structured settlement purchase companies must still comply with general business registration requirements (Secretary of State filings) and the state’s SSPA when conducting transfers. See our state law guides for transfer requirements in each jurisdiction.
Notable states without specific SSPC registration include California, Texas, Florida, New York, Ohio, and Pennsylvania — though all require court approval for every transfer.
⚠️ Disclaimer: General information only — not legal advice. Registration requirements change. Verify with current state law. Read full disclaimer →