§ 994.3. Recovery against party that received payment--Third-party payer--Payments--Recovery wo...
Oklahoma Statutes AnnotatedTitle 12. Civil ProcedureEffective: November 1, 2023
Effective: November 1, 2023
12 Okl.St.Ann. § 994.3
§ 994.3. Recovery against party that received payment--Third-party payer--Payments--Recovery worksheet
If the payor's payment is less than the amount of judgment or settlement:
Step 1: | |||||
$ | / | $ | = | ||
Payor's Payment | Judgment/Settlement | Ratio | |
Carry out 6 digits | |||
Step 2: | |||||
X | $ | = | |||
Ratio from Step 1 | Procurement Costs | Payor's Share of | |
Carry out 6 digits | Procurement Cost | ||
Step 3: | |||||
$ | -- | $ | = | ||
Payor's Payment | Payor's Share of | Refund to Payor | |
Procurement Costs |
G. If the payor's payments equal or exceed the amount of the judgment or settlement, subtract the total procurement costs from the judgment or settlement. The remainder is the amount of reimbursement to be refunded to the payor. The beneficiary will not be required to refund more than the liability insurance payment minus the procurement costs.
$ | -- | $ | = | $ | |
Judgment/Settlement | Procurement Costs | Refund |
Credits
Laws 2023, c. 161, § 2, eff. Nov. 1, 2023.
12 Okl. St. Ann. § 994.3, OK ST T. 12 § 994.3
Current with emergency effective legislation through Chapter 277 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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