Sec. 503. Authorization of payment of future damages to claimants in health care lawsuits
106 words·~1 min read·
/bill/113/s/1851/is/section-503A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In any health care lawsuit, if an award of future damages, without reduction to present value, equaling or exceeding $50,000 is made against a party with sufficient insurance or other assets to fund a periodic payment of such a judgment, the court shall, at the request of any party, enter a judgment ordering that the future damages be paid by periodic payments, in accordance with the Uniform Periodic Payment of Judgments Act promulgated by the National Conference of Commissioners on Uniform State Laws. This section applies to all actions which have not been first set for trial or retrial before the effective date of this title.