§ 26-33-108 — Payments from account

The state auditor, at the direction of the commissioner, shall
issue a warrant in satisfaction of each claim submitted to him
against the account after receipt of a certified copy of a final
judgment from a court having jurisdiction, or a settlement
agreement signed by a claimant, a qualified representative of
the insurance carrier and the commissioner, with original
signatures. The warrant shall be for the amount exceeding fifty
thousand dollars ($50,000.00) or limits of other underlying
coverage, if greater, set forth in the judgment or settlement,
subject to the limitation that the amounts paid from the account
shall not exceed one million dollars ($1,000,000.00) in any
calendar year for one (1) or more awards or settlements against
an individual physician.