§ 3245 Application of act.

If you have a structured settlement (money paid out over time, often from a lawsuit or injury claim) and you want to sell your right to those future payments, this rule explains when the law kicks in. It only applies to transfer agreements signed 30 days or more after the law was passed. If you signed your agreement before that date, this particular law does not apply to you one way or the other.

This means the rule does not say whether older agreements are valid or not valid. It simply stays out of the way for deals made before the law took effect. So if you're wondering whether an older structured settlement sale is legal, you would need to look at other laws or rules that were in place at the time you signed, not this one.