Section 34-18-6-4 - Payment of claims; time for payment(a) Claims for payment from the patient's compensation fund must be computed and paid not later than sixty (60) days after the issuance of a court approved settlement or final nonappealable judgment.(b) If the balance in the fund is insufficient to pay in full all claims that have become final during a three (3) month period, the amount paid to each claimant must be prorated. Any amount left unpaid as a result of the proration must be paid before the payment of claims that become final during the following three (3) month period.Pre-1998 Recodification Citation: 27-12-6-4.
Amended by P.L. 182-2016, SEC. 6, eff. 7/1/2017.Amended by P.L. 18-2014, SEC. 1, eff. 7/1/2014.As added by P.L. 1-1998, SEC.13.