Uniform Periodic Payment of Judgments Act Law and Legal Definition
The Uniform Law Commissioners promulgated the Uniform Periodic Payment of Judgments Act (UPPJA) in 1990. Under this act, judgments for future damages in tort actions involving bodily injury may be established in periodic payment form rather than lump-sum form. Either party to an action may petition for a periodic payment award, if the damages are likely to exceed $100,000. Explicit procedures for establishing the judgment, including inflation adjustment factors, are contained in the Act. A list of qualified insurers, who are able to fund periodic payment awards, must be kept in the state. Attorney's fees are to be paid, initially, out of future non-economic damages. The UPPJA provides assurances to those who suffer bodily injury that funds will be available to pay the damages while reducing the costs of such damage awards.
Legal Definition list
- Uniform Partnership Act
- Uniform Parentage Act
- Uniform Nonprobate Transfers on Death Act
- Uniform Nonjudicial Foreclosure Act
- Uniform Multiple-Person Accounts Act
- Uniform Periodic Payment of Judgments Act
- Uniform Photographic Copies of Business and Public Records as Evidence Act
- Uniform Planned Community Act
- Uniform Post-Conviction Procedure Act
- Uniform Power Of Attorney Act
- Uniform Premarital Agreement Act
