21-3A-1.1. Purposes of chapter.
The purposes of this chapter are to fully and fairly compensate injured parties as well as to:
(1)Alleviate some of the practical problems incident to unpredictability of large future losses;
(2)Effectuate more precise awards of damages for actual losses;
(3)Pay damages as the trier of fact finds the losses will accrue; and
(4)Assure that payments of damages more nearly serve the purposes for which they are awarded.
Source: SL 1986, ch 163, §15, as added by SL 1988, ch 181, §1.
Structure South Dakota Codified Laws
Chapter 03A - Periodic Payments Of Certain Judgments And Settlements
Section 21-3A-1 - Definition of terms.
Section 21-3A-1.1 - Purposes of chapter.
Section 21-3A-1.2 - Applicability of chapter.
Section 21-3A-3 - Calculation of damages by trier of fact.
Section 21-3A-5 - Judgment entered on verdict requiring special damages.
Section 21-3A-7 - Security authorized for payment of judgment for periodic installments.
Section 21-3A-9 - Discount factor.
Section 21-3A-11 - Satisfaction of judgment and discharge of debtor.
Section 21-3A-12 - Rules established by director of Division of Insurance.