State Codes and Statutes

Statutes > North-carolina > Chapter_20 > GS_20-279_15

§20‑279.15.  Payment sufficient to satisfy requirements.

In addition to other methodsof satisfaction provided by law, judgments herein referred to shall, for thepurpose of this Article, be deemed satisfied:

(1)        When thirty thousanddollars ($30,000) has been credited upon any judgment or judgments rendered inexcess of that amount because of bodily injury to or death of one person as theresult of any one accident; or

(2)        When, subject tosuch limit of thirty thousand dollars ($30,000) because of bodily injury to ordeath of one person, the sum of sixty thousand dollars ($60,000) has beencredited upon any judgment or judgments rendered in excess of that amountbecause of bodily injury to or death of two or more persons as the result ofany one accident; or

(3)        When twenty‑fivethousand dollars ($25,000) has been credited upon any judgment or judgmentsrendered in excess of that amount because of injury to or destruction ofproperty of others as a result of any one accident;

Provided, however, paymentsmade in settlement of any claims because of bodily injury, death or propertydamage arising from a motor vehicle accident shall be credited in reduction ofthe amounts provided for in this section. (1953, c. 1300, s. 15; 1963,c. 1238; 1967, c. 277, s. 3; 1973, c. 745, s. 3; c. 889; 1979, c. 832, ss. 3‑5;1991, c. 469, s. 3; 1991 (Reg. Sess., 1992), c. 837, s. 10; 1999‑228, s.3.)

State Codes and Statutes

Statutes > North-carolina > Chapter_20 > GS_20-279_15

§20‑279.15.  Payment sufficient to satisfy requirements.

In addition to other methodsof satisfaction provided by law, judgments herein referred to shall, for thepurpose of this Article, be deemed satisfied:

(1)        When thirty thousanddollars ($30,000) has been credited upon any judgment or judgments rendered inexcess of that amount because of bodily injury to or death of one person as theresult of any one accident; or

(2)        When, subject tosuch limit of thirty thousand dollars ($30,000) because of bodily injury to ordeath of one person, the sum of sixty thousand dollars ($60,000) has beencredited upon any judgment or judgments rendered in excess of that amountbecause of bodily injury to or death of two or more persons as the result ofany one accident; or

(3)        When twenty‑fivethousand dollars ($25,000) has been credited upon any judgment or judgmentsrendered in excess of that amount because of injury to or destruction ofproperty of others as a result of any one accident;

Provided, however, paymentsmade in settlement of any claims because of bodily injury, death or propertydamage arising from a motor vehicle accident shall be credited in reduction ofthe amounts provided for in this section. (1953, c. 1300, s. 15; 1963,c. 1238; 1967, c. 277, s. 3; 1973, c. 745, s. 3; c. 889; 1979, c. 832, ss. 3‑5;1991, c. 469, s. 3; 1991 (Reg. Sess., 1992), c. 837, s. 10; 1999‑228, s.3.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_20 > GS_20-279_15

§20‑279.15.  Payment sufficient to satisfy requirements.

In addition to other methodsof satisfaction provided by law, judgments herein referred to shall, for thepurpose of this Article, be deemed satisfied:

(1)        When thirty thousanddollars ($30,000) has been credited upon any judgment or judgments rendered inexcess of that amount because of bodily injury to or death of one person as theresult of any one accident; or

(2)        When, subject tosuch limit of thirty thousand dollars ($30,000) because of bodily injury to ordeath of one person, the sum of sixty thousand dollars ($60,000) has beencredited upon any judgment or judgments rendered in excess of that amountbecause of bodily injury to or death of two or more persons as the result ofany one accident; or

(3)        When twenty‑fivethousand dollars ($25,000) has been credited upon any judgment or judgmentsrendered in excess of that amount because of injury to or destruction ofproperty of others as a result of any one accident;

Provided, however, paymentsmade in settlement of any claims because of bodily injury, death or propertydamage arising from a motor vehicle accident shall be credited in reduction ofthe amounts provided for in this section. (1953, c. 1300, s. 15; 1963,c. 1238; 1967, c. 277, s. 3; 1973, c. 745, s. 3; c. 889; 1979, c. 832, ss. 3‑5;1991, c. 469, s. 3; 1991 (Reg. Sess., 1992), c. 837, s. 10; 1999‑228, s.3.)