New Jersey Statutes 58:10-23.11r. Awards in excess of current balance of fund; payment on pro rata basis; priorities
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Terms Used In New Jersey Statutes 58:10-23.11r
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
In the event that the total awards for a specific occurrence exceed the current balance of the fund, the immediate award shall be paid on a prorated basis, and all claimants paid on a prorated basis shall be paid, as determined by the administrator, a pro rata share of all funds received by the fund until the total amount of the proven damages is paid to the claimant or claimants. The administrator may also provide through regulation to fix the priority for the payment of claims based on extreme hardship.
L.1976, c. 141, s. 19.