Delaware Code Title 21 Sec. 2944 – Satisfaction of judgments
The judgments referred to in this subchapter shall, for the purposes of this chapter only, be deemed satisfied:
(1) When $15,000 has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of 1 person as the result of any 1 accident; or
(2) When, subject to such limit of $15,000 because of bodily injury to or death of 1 person, the sum of $30,000 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 1 accident; or
(3) When $10,000 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 1 accident.
Terms Used In Delaware Code Title 21 Sec. 2944
- 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.
Payments made in settlement of any claims because of bodily injury, death or property damage arising from a motor vehicle accident shall be credited in reduction of the amounts provided for in this section.
Code 1935, § ?5712E; 48 Del. Laws, c. 359, § ?2; 21 Del. C. 1953, § ?2944; 50 Del. Laws, c. 456, § ?3; 61 Del. Laws, c. 292, § ?6; 64 Del. Laws, c. 198, §§ ?4-6;