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§ 1303.510. Reduction to present value

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. InsuranceEffective: March 20, 2002

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 5C. Medical Care Availability and Reduction of Error (Mcare) Act (Refs & Annos)
Chapter 5. Medical Professional Liability (Refs & Annos)
Effective: March 20, 2002
40 P.S. § 1303.510
§ 1303.510. Reduction to present value
Currentness
Future damages for loss of earnings or earning capacity in a medical professional liability action shall be reduced to present value based upon the return that the claimant can earn on a reasonably secure fixed income investment. These damages shall be presented with competent evidence of the effect of productivity and inflation over time. The trier of fact shall determine the applicable discount rate based upon competent evidence.

Credits

2002, March 20, P.L. 154, No. 13, § 510, imd. effective.
40 P.S. § 1303.510, PA ST 40 P.S. § 1303.510
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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