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House Study Bill 57

Bill Text

PAG LIN
  1  1    Section 1.  Section 668A.1, subsection 2, unnumbered
  1  2 paragraph 1, Code 2003, is amended to read as follows:
  1  3    An award for punitive or exemplary damages shall not be
  1  4 made unless the answer or finding pursuant to subsection 1,
  1  5 paragraph "a", is affirmative.  If such answer or finding is
  1  6 affirmative, the jury, or court if there is no jury, shall fix
  1  7 the amount of punitive or exemplary damages to be awarded,
  1  8 and; provided, however, that such award shall not be more than
  1  9 two hundred thousand dollars or four times the amount of the
  1 10 claimant's economic loss, whichever is greater.  When awarded,
  1 11 such damages shall be ordered paid as follows:  
  1 12                           EXPLANATION
  1 13    This bill provides a monetary limit or cap on an award of
  1 14 punitive or exemplary damages in a civil case of not more than
  1 15 $200,000 or four times the amount of claimant's economic loss,
  1 16 whichever is greater.  
  1 17 LSB 1922HC 80
  1 18 rh/cf/24
     

Text: HSB00056                          Text: HSB00058
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