HRS §676-4
What happens after a structured settlement payment transfer
After a structured settlement payment transfer, the company that pays and the company that issues the annuity are free from liability for those payments, except to the person who bought the rights. The buyer becomes responsible for certain taxes and costs if the transfer breaks the settlement terms or the law. The payer does not have to split payments, and any later transfer must follow the same rules.
The statute, as written — ‑4] Effects of transfer of structured settlement payment rights
Following a transfer of structured settlement payment rights under this chapter: (1) The structured settlement obligor and the annuity issuer, as to all parties except the transferee, shall be discharged and released from any and all liability for the transferred payments; (2) The transferee shall be liable to the structured settlement obligor and the annuity issuer: (A) For any taxes incurred by the parties as a consequence of the transfer, if the transfer contravenes the terms of the structured settlement; and (B) For any other liabilities or costs, including reasonable costs and attorneys' fees, arising from compliance by the 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; (3) 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 or more transferees or assignees; and (4) 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.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.