Following a transfer of structured settlement payment rights under this chapter:
(a) The structured settlement obligor and the annuity issuer shall, as to all parties
except the transferee, be discharged and released from any and all liability for the
(b) The transferee shall be liable to the structured settlement obligor and the annuity
(i) If the transfer contravenes the terms of the structured settlement, for any taxes
incurred by such parties as a consequence of the transfer; and
(ii) For any other liabilities or costs, including reasonable costs and attorney's
fees, arising from compliance by such parties with the order of the court or responsible
administrative authority or arising as a consequence of the transferee's failure to
comply with this chapter;
(c) Neither the annuity issuer nor the structured settlement obligor may be required
to divide any periodic payment between the payee and any transferee or assignee or
between two (2) or more transferees or assignees; and
(d) Any further transfer of structured settlement payment rights by the payee may
be made only after compliance with all of the requirements of this chapter.
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