§ 21-3A-1 Definition of terms
§ 21-3A-1.1 Purposes of chapter
§ 21-3A-1.2 Applicability of chapter
§ 21-3A-2 Action for bodily injury–Effective election–Objection to election–Timerequirements–Action not tried under chapter–Withdrawal of election
§ 21-3A-3 Calculation of damages by trier of fact
§ 21-3A-4 Evidence and calculation of future damages–Jury instructions concerning futuredamages
§ 21-3A-5 Judgment entered on verdict requiring special damages
§ 21-3A-6 Judgment for periodic installments–Adjustment–Index factor–Schedule ofpayments
§ 21-3A-7 Security authorized for payment of judgment for periodic installments
§ 21-3A-8 Posting of security by judgment debtor or insurer–Failure to comply–Right tolump-sum payment–Wrongful death action–Right of reimbursement
§ 21-3A-9 Discount factor
§ 21-3A-10 Survivorship of liability for installment payments–Wrongful death action–Qualifying survivor defined
§ 21-3A-11 Satisfaction of judgment and discharge of debtor
§ 21-3A-12 Rules established by director of Division of Insurance
§ 21-3A-13 Provisions of chapter severable
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Terms Used In South Dakota Codified Laws > Title 21 > Chapter 3A - Periodic Payments of Certain Judgments and Settlements

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.