Green v. Safeco Life Insurance

The issue presented to this court is whether the circuit court of Hamilton County erred in approving a request by petitioner, Christopher Green, pursuant to section 155.34 of the Illinois Insurance Code (215 ILCS 5/155.34(b) (West 1998)), to assign some of his structured settlement payments to Stone Street Capital, Inc. (Stone Street), in exchange for a lump-sum payment. Respondents, Safeco Life Insurance Company and Safeco Assigned Benefits Service Company (SABSCO), challenge the approval, arguing petitioner’s settlement agreement clearly and unambiguously prohibits petitioner from making…