Legislative declaration.

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(1) The general assembly declares the purposes of enacting this part 2 are to:

  1. Alleviate the practical problems incident to the unpredictability of future losses;

  2. Effectuate more precise awards of damages for actual losses;

  3. Pay damages as the losses are found to accrue;

  4. Assure that payments of damages more nearly serve the purposes for which they areawarded;

  5. Reduce the burden on public assistance costs created by the dissipation of lump-sumpayments; and

  6. Conform to the income tax policies in the federal "Internal Revenue Code of 1986"and the laws of this state with respect to compensation for personal injuries.

Source: L. 88: Entire article added, p. 613, § 1, effective July 1.


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