2014 -- H 7502 | |
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LC004367 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2014 | |
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A N A C T | |
RELATING TO COURTS AND CIVIL PROCEDURE--PROCEDURE GENERALLY -- | |
JUDGMENTS, ORDERS AND DECREES -- INTEREST ON JUDGMENTS | |
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Introduced By: Representatives Marcello, Hearn, Nunes, Ajello, and Morgan | |
Date Introduced: February 13, 2014 | |
Referred To: House Judiciary | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 9-21-10 of the General Laws in Chapter 9-21 entitled "Judgments, |
2 | Orders, and Decrees" is hereby amended to read as follows: |
3 | 9-21-10. Interest in civil actions. -- (a) In any civil action in which a verdict is rendered |
4 | or a decision made for pecuniary damages, there shall be added by the clerk of the court to the |
5 | amount of damages interest at the rate of twelve percent (12%) per annum thereon from the date |
6 | the cause of action accrued of the filing of the civil action, which shall be included in the |
7 | judgment entered therein. Post-judgment interest shall be calculated at the rate of twelve percent |
8 | (12%) per annum and accrue on both the principal amount of the judgment and the prejudgment |
9 | interest entered therein. This section shall not apply until entry of judgment or to any contractual |
10 | obligation where interest is already provided. |
11 | (b) Subsection (a) shall not apply in any action filed on or after January 1, 1987, for |
12 | personal injury or wrongful death filed against a licensed physician, hospital, clinic, health |
13 | maintenance organization, professional service corporation providing health care services, dentist, |
14 | or dental hygienist based on professional negligence. In all such medical malpractice actions in |
15 | which a verdict is rendered or a decision made for pecuniary damages, there shall be added by the |
16 | clerk of the court to the amount of damages interest at the rate of twelve percent (12%) per annum |
17 | thereon from the date of written notice of the claim by the claimant or his or her representative to |
18 | the malpractice liability insurer, or to the medical or dental health care provider or the filing of |
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1 | the civil action, whichever first occurs. |
2 | SECTION 2. This act shall take effect on January 1, 2015. |
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LC004367 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO COURTS AND CIVIL PROCEDURE--PROCEDURE GENERALLY -- | |
JUDGMENTS, ORDERS AND DECREES -- INTEREST ON JUDGMENTS | |
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1 | This act would provide that interest on judgments would accrue from the date of the |
2 | filing of the civil action, not the date the cause of action accrued. |
3 | This act would take effect on January 1, 2015. |
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LC004367 | |
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