Applicability of chapter upon timely offer of settlement by
defendants
Sec. 5. This chapter does not apply if:
(1) within nine (9) months after a claim is filed in the court, or
any longer period determined by the court to be necessary upon
a showing of good cause, one (1) or more of the parties against
whom the claim is filed makes a written offer of settlement to
the party receiving a judgment;
(2) the terms of the offer include payment within sixty (60) days
after the offer is accepted; and
(3) the amount of the offer is at least two-thirds (2/3) of the
amount of the judgment award.
As added by P.L.1-1998, SEC.47.
Last modified: May 24, 2006