27-9-3.1-1. "Actual direct compensatory damages"

IN Code § 27-9-3.1-1 (2019) (N/A)
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Sec. 1. (a) As used in this chapter, "actual direct compensatory damages" includes:

(1) normal and reasonable costs of cover; and

(2) other reasonable measures of damages used in the derivatives market, the securities market, or another market for contract claims.

(b) The term does not include:

(1) punitive or exemplary damages;

(2) damages for lost profit or lost opportunity; or

(3) damages for pain and suffering.

As added by P.L.11-2011, SEC.36. Amended by P.L.13-2013, SEC.70.