S.B. 125

1

INTEREST ON PERSONAL INJURY
2 JUDGMENTS
3 2009 GENERAL SESSION
4 STATE OF UTAH
5 Chief Sponsor: Ralph Okerlund
6 House Sponsor: ____________
7
8 LONG TITLE
9 General Description:
10 This bill amends the date that a plaintiff may claim interest on special damages, and
11 defines interest as simple interest and not compounded interest.
12 Highlighted Provisions:
13 This bill:
14 . requires interest accrued on special damages to be simple interest, not compound
15 interest; and
16 . changes the date from which interest is accrued for special damages from the date of
17 the occurrence of the act giving rise to the cause of the action to the date that the
18 damage was actually incurred.
19 Monies Appropriated in this Bill:
20 None
21 Other Special Clauses:
22 None
23 Utah Code Sections Affected:
24 AMENDS:
25 78B-5-824, as renumbered and amended by Laws of Utah 2008, Chapter 3
26
27 Be it enacted by the Legislature of the state of Utah:

28 Section 1. Section 78B-5-824 is amended to read:
29 78B-5-824. Personal injury judgments -- Interest authorized.
30 (1) In all actions brought to recover damages for personal injuries sustained by any
31 person, [resulting from or occasioned by the tort of any other person, corporation, association,
32 or partnership, whether by] caused by the negligence or willful intent of [that other] another
33 person[, corporation, association, or partnership] or entity, and whether the injury was fatal or
34 otherwise, the plaintiff in the complaint may claim interest on special damages actually
35 incurred [from the date of the occurrence of the act giving rise to the cause of action].
36 (2) It is the duty of the court, in entering judgment for plaintiff in that action, to add to
37 the amount of special damages actually incurred that are assessed by the verdict of the jury, or
38 found by the court, interest on that amount calculated at the legal rate, as defined in Section
39 15-1-1 ,[ from the date of the occurrence of the act giving rise to the cause of action to the date
40 of entering the judgment,] and to include it in that judgment.
41 (3) Interest claimed on any special damage shall be computed from the date the damage
42 actually incurred.
43 (4) Interest under Subsections (1) and (2) shall be simple and not compounded.
44 [(3)] (5) As used in this section, "special damages actually incurred" does not include
45 damages for future medical expenses, loss of future wages, or loss of future earning capacity.




Legislative Review Note
as of 1-26-09 3:08 PM

Office of Legislative Research and General Counsel