New Hampshire Revised Statutes 264:8 – Payments Sufficient to Satisfy Requirements
Current as of: 2023 | Check for updates
|
Other versions
I. Every judgment herein referred to shall for the purpose of this chapter be deemed satisfied:
(a) When $25,000 has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of one person as the result of any one accident; or
(b) When, subject to such limit of $25,000 because of bodily injury to or death of one person, the sum of $50,000 has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of 2 or more persons as the result of any one accident; or
(c) When $25,000 has been credited upon any 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 accident.
II. Credit for such amounts shall be deemed a satisfaction of any such judgment or judgments in excess of said amounts only for the purpose of this chapter.
III. Payments made in settlement of any claims because of bodily injury, death or property damage arising from a vehicle accident shall be credited in reduction of the amounts provided for in this section.
(a) When $25,000 has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of one person as the result of any one accident; or
Terms Used In New Hampshire Revised Statutes 264:8
- Accident: shall mean any event that results in injury or property damage attributable directly or indirectly to the motion of a motor vehicle or its load. See New Hampshire Revised Statutes 259:1-a
- Judgment: shall mean any judgment which shall have become final, rendered by a court of competent jurisdiction of any state, or of the United States. See New Hampshire Revised Statutes 259:46
- Person: shall mean the same as provided in N. See New Hampshire Revised Statutes 259:74
- 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.
- Vehicle: shall mean :
I. See New Hampshire Revised Statutes 259:122
(b) When, subject to such limit of $25,000 because of bodily injury to or death of one person, the sum of $50,000 has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of 2 or more persons as the result of any one accident; or
(c) When $25,000 has been credited upon any 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 accident.
II. Credit for such amounts shall be deemed a satisfaction of any such judgment or judgments in excess of said amounts only for the purpose of this chapter.
III. Payments made in settlement of any claims because of bodily injury, death or property damage arising from a vehicle accident shall be credited in reduction of the amounts provided for in this section.