Punitive Damages Reform: HB 700 (1987).
Requires the determination of awards for punitive damages to be
Requires the determination of awards for punitive damages to be made in a separate proceeding. Permits the jury to set the amount for punitive damages if, in the first stage, the jury finds a defendant liable for punitive damages. Permits the admissibility of evidence of a defendant’s net worth only during the proceeding for the determination of punitive damages. Requires 50% of all punitive damages awards to be paid to the state fund. Prohibits multiple punitive damages awards under certain conditions.
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