Sec. 4. (a) Claims for payment from the patient’s compensation fund must be computed and paid not later than sixty (60) days after the issuance of a court approved settlement or final nonappealable judgment.

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Terms Used In Indiana Code 34-18-6-4

  • Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
  • Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
     (b) If the balance in the fund is insufficient to pay in full all claims that have become final during a three (3) month period, the amount paid to each claimant must be prorated. Any amount left unpaid as a result of the proration must be paid before the payment of claims that become final during the following three (3) month period.

[Pre-1998 Recodification Citation: 27-12-6-4.]

As added by P.L.1-1998, SEC.13. Amended by P.L.18-2014, SEC.1; P.L.182-2016, SEC.6.

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