Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Section 40-2,115 - Liability insurance coverage for punitive damages assessed against certain persons(a) It is not against the public policy of this state for a person or entity to obtain insurance covering liability for punitive or exemplary damages assessed against such insured as the result of acts or omissions, intentional or otherwise, of such insured's employees, agents or servants, or of any other person or entity for whose acts such insured shall be vicariously liable, without the actual prior knowledge of such insured.(b) The type of coverage specified in subsection (a) may be provided by insurance companies doing business in this state.L. 1984, ch. 160, § 1; April 26.