Metropolitan Mortgage & Securities Co. v. Cochran

¶1 In 1989, on behalf of her then minor son, Frankie Cochran, Debra Cochran entered into a settlement agreement to resolve a personal injury claim. At the same time, Allstate Insurance Company and Colonial Penn Insurance Company executed a uniform qualified assignment, under which Allstate assigned to Colonial the duty to pay periodic payments to Mr. Cochran under the settlement agreement. The uniform qualified assignment contained antiassignment language. In 1998, Mr. Cochran entered *270into an agreement to assign his right to receive payments to Settlement Funding, LLC Settlement Funding…