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34-51-4-8. Time of accrual of prejudgment interest

IN Code § 34-51-4-8 (2019) (N/A)
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Sec. 8. (a) If the court awards prejudgment interest, the court shall determine the period during which prejudgment interest accrues. However, the period may not exceed forty-eight (48) months. Prejudgment interest begins to accrue on the latest of the following dates:

(1) Fifteen (15) months after the cause of action accrued.

(2) Six (6) months after the claim is filed in the court if IC 34-18-8 and IC 34-18-9 do not apply.

(3) One hundred eighty (180) days after a medical review panel is formed to review the claim under IC 34-18-10 (or IC 27-12-10 before its repeal).

(b) The court shall exclude from the period in which prejudgment interest accrues any period of delay that the court determines is caused by the party petitioning for prejudgment interest.

[Pre-1998 Recodification Citation: 34-4-37-10.]

As added by P.L.1-1998, SEC.47.

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34-51-4-8. Time of accrual of prejudgment interest