§ 9-25-6-5 — Conditions for satisfaction of judgment

Indiana § 9-25-6-5

• Jurisdiction: Indiana
• Title 9: MOTOR VEHICLES
• Art. 25: FINANCIAL RESPONSIBILITY
• Ch. 6: Suspension of Driving Privileges and Vehicle

Text

(a) A judgment referred to in this chapter is
considered satisfied only when the following conditions are fulfilled as
appropriate:
(1) Subject to the limit in subdivision (2), twenty-five thousand
dollars ($25,000) has been credited upon a judgment rendered in
excess of that amount because of bodily injury to or death of one
(1) person as the result of one (1) accident.
(2) Fifty thousand dollars ($50,000) has been credited upon a
judgment rendered in excess of that amount because of bodily
injury to or death of two (2) or more persons as the result of any
one (1) accident.
(3) Before July 1, 2018, ten thousand dollars ($10,000) has been
credited upon a judgment or judgments rendered in excess of that
amount because of injury to or destruction of property of others
as a result of any one (1) accident. Beginning July 1, 2018,
twenty-five thousand dollars ($25,000) has been credited upon a
judgment or judgments rendered in excess of that amount because
of injury to or destruction of property of others as a result of any
one (1) accident.
(4) The judgment is satisfied by payment accepted by the
judgment creditor in full satisfaction of all claims arising from
bodily injury, death, or property damage arising from the motor
vehicle accident involved in the judgment.
(b) A payment made in settlement of a claim because of bodily
injury, death, or property damage arising from a motor vehicle accident
shall be credited in reduction of the amounts provided for in this
section.
[Pre-1991 Recodification Citation: 9-2-1-7.]

Legislative History

As added by P.L.2-1991, SEC.13. Amended by P.L.124-2016, SEC.4; P.L.24-2017, SEC.4.