1. (1) Except as provided in subsection (2), a party in a settlement negotiation may not demand, as a condition of settlement, that the settlement proceeds are classified as a specific category of damage that does not accurately describe the specific damages at issue.
2. (2) The parties may stipulate that any damages may be classified as any category of damages. The stipulation must be included in the settlement agreement.

History: En. Sec. 1, Ch. 273, L. 2023.