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1998 SESSION

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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.


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