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1998 SESSION

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SB 105 Compromises on behalf of persons under a disability.

Introduced by: Stephen H. Martin | 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 A+ (A plus) or better funds, reflecting the addition of an A++ rating by Best. Currently A+ funds are the highest rating required by law. This bill is identical to HB 566.


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