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1998 SESSION
HB 1296 Compromises on behalf of persons under a disability.
Introduced by: Allen W. Dudley | all patrons ... notes | add to my profiles
SUMMARY:
Approval of compromises on behalf of persons under a disability in suits or actions to which they are parties. Revises the A. M. Best rating criterion for selection of an insurance company to require that periodic payments under a compromise agreement in a personal injury case involving persons under a disability be placed in at least A+ (A plus) funds, reflecting the addition of the A++ rating by Best. Currently A+ funds are the highest rated. This bill is incorporated into HB 566.
FULL TEXT
HISTORY
- 01/26/98 House: Presented & ordered printed 980857220
- 01/26/98 House: Referred to Committee for Courts of Justice
- 02/02/98 House: Assigned to C. J. sub-committee: 2
- 02/14/98 House: No action taken by Courts of Justice by voice vote
- 02/14/98 House: Incorporated in other legislation w/sub.(HB0566-Woodrum)