SB 1463
Modifies provisions relating to determination of fault of parties and nonparties in civil actions
Sponsor:
LR Number:
5935S.01I
Last Action:
3/7/2024 - Second Read and Referred S Insurance and Banking Committee
Journal Page:
Title:
Effective Date:
August 28, 2024

Current Bill Summary

SB 1463 - This act provides that in all tort actions in which any party contends that damages were caused by the alleged fault of more than one person or entity, the trier of fact shall determine the amount of fault attributable to each person or entity, regardless of whether the person or entity is a party to the action and regardless of whether the person or entity has settled or been released from liability. Fault of another person or entity may be alleged by any party in the action in any claim, counterclaim, cross-claim, or as an affirmative defense. Any determination of fault attributable to a person or entity not a party to the action shall not be binding against or otherwise affect the rights or liabilities of the person or entity.

Additionally, current law provides that an agreement by release, covenant not to sue, or a covenant not to enforce a judgment is given in good faith to one of two or more persons liable in tort for the same injury or wrongful death shall reduce the claim for damages by the greater of either the stipulated amount of the agreement or the amount of consideration paid. Further, the agreement shall discharge the tort-feasor to whom it is given from all liability for contribution or noncontractual indemnity, as defined, to any other tort-feasor. This act repeals this provision and provides that in all tort-actions for damages, if the defendant is found to bear 51% or more of the fault, then the defendant shall be jointly and severally liable for the amount of the judgment less the total of any stipulated amount in any release or covenant with any other person or entity alleged to have been at fault or any amount of consideration paid by such person or entity, whichever is greater.

This act is identical to provisions in SB 708 (2023), SB 467 (2023), and in SB 669 (2022) and is similar to provisions in SB 1243 (2022).

KATIE O'BRIEN

Amendments

No Amendments Found.