"Periodic payments agreement" defined
Sec. 2. As used in this chapter, "periodic payments agreement"
means a contract between a health care provider (or its insurer) and
the patient (or the patient's estate), under which the health care
provider is relieved from possible liability in consideration of:
(1) a present payment of money to the patient (or the patient's
estate); and
(2) one (1) or more payments to the patient (or the patient's
estate) in the future;
whether or not some or all of the payments are contingent upon the
patient's survival to the proposed date of payment.
As added by P.L.1-1998, SEC.13.
Last modified: May 24, 2006