J.G. Wentworth Originations, LLC has filed an application seeking court approval for the transfer of structured settlement payment rights in Pinellas County, Florida. The application was submitted on February 5, 2025, and involves a transaction with American General Assignment Corporation and American General Life Insurance Company.

The case centers around a payee who wishes to sell their structured settlement payments for a lump sum to fund home repairs. J.G. Wentworth Originations, LLC is acting as the transferee in this transaction, as defined by the Florida Structured Settlement Transfer Act. The structured settlement obligor is American General Assignment Corporation, while the annuity issuer is American General Life Insurance Company.

The payee, a 29-year-old resident of Pinellas County without dependents, entered into an Absolute Assignment Agreement with J.G. Wentworth Originations, LLC to sell their right to receive periodic payments from a structured settlement. The applicant seeks approval from the court under Section 626.99296 of the Florida Statutes to ensure compliance with state laws governing such transfers.