§ 13-64-201 — Legislative declaration

(1) The general assembly declares the
purposes of enacting this part 2 are to:

(a) Alleviate the practical problems incident to the unpredictability of future
losses;

(b) Effectuate more precise awards of damages for actual losses;

(c) Pay damages as the losses are found to accrue;

(d) Assure that payments of damages more nearly serve the purposes for
which they are awarded;

(e) Reduce the burden on public assistance costs created by the dissipation
of lump-sum payments; and

(f) Conform to the income tax policies in the federal Internal Revenue Code
of 1986 and the laws of this state with respect to compensation for personal
injuries.

Legislative History

Source: L. 88: Entire article added, p. 613, � 1, effective July 1.