West Virginia Code 29-12B-11 – Payments for settlement or judgment
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All payments made in satisfaction of any settlement or judgment shall be in accordance with the procedures established by the board. No settlement or judgment may be paid until there is recorded in the office of the executive director: (1) A certified copy of a final judgment against a health care provider insured by either of the medical liability programs created pursuant to this article, or a certified copy of an order approving settlement in a summary proceeding; or (2) appropriate settlement documentation to include a written settlement determination issued by or on behalf of the board.
Terms Used In West Virginia Code 29-12B-11
- Board: means the state Board of Risk and Insurance Management. See West Virginia Code 29-12B-3
- Health care provider: means :
(1) A person licensed by the West Virginia Board of Medicine to practice medicine in this state. See West Virginia Code 29-12B-3
- Judgment: includes decrees and orders for the payment of money, or the conveyance or delivery of land or personal property, or some interest therein, or any undertaking, bond or recognizance which has the legal effect of a judgment. See West Virginia Code 2-2-10
- 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.