27-1-29.1-15. Single or installment payments; limits

IN Code § 27-1-29.1-15 (2019) (N/A)
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Sec. 15. An amount payable under section 13 of this chapter that is no more than ten thousand dollars ($10,000) may be paid in a single, immediate payment. An amount payable under section 13 of this chapter that is greater than ten thousand dollars ($10,000) shall be paid:

(1) in installments under section 18(c) of this chapter; or

(2) under a structured settlement negotiated under section 18(d) of this chapter.

As added by P.L.272-1987, SEC.7.