287-18 Payment sufficient to satisfy requirements. Judgments herein referred to shall, for the purpose of this chapter only, be deemed satisfied:

(1) When $25,000 is credited upon any judgment or judgments rendered in excess of that amount because of accidental harm sustained by any one person as a result of any one accident applicable to each person sustaining accidental harm; or

(2) When $10,000 is credited upon any judgment or judgments rendered in excess of that amount because of injury to or destruction of property of others as a result of any one accident.

Payments made in settlement of any claims because of bodily injury, death, or property damage arising from a motor vehicle accident shall be credited in reduction of the amounts provided for in this section. [L 1949, c 393, pt of 1; RL 1955, 160-96; am L 1963, c 98, 1; HRS 287-18; am L 1982, c 210, 5]

 

 

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