1. A. Judgments herein referred to shall, for the purpose of this chapter only, be deemed satisfied:

   1. 1. When at least Twenty-five Thousand Dollars ($25,000.00) has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of one person as the result of any one collision;
   2. 2. When, subject to the minimum limit of Twenty-five Thousand Dollars ($25,000.00) because of bodily injury to or death of one person, the sum of at least Fifty Thousand Dollars ($50,000.00) has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of two or more persons as the result of any one collision; or
   3. 3. When at least Twenty-five Thousand Dollars ($25,000.00) has been credited upon any judgment or judgments rendered in excess of that amount because of injury to or destruction of property of others as a result of any one collision.
2. B. Provided, however, payments made in settlements of any claims because of bodily injury, death or property damage arising from the collision shall be credited in reduction of the amounts provided for in this section.

Added by Laws 1961, HB 556, c. 10b, § 7-316, emerg. eff. July 28, 1961; Amended by Laws 1980, HB 1746, c. 235, § 4, eff. January 1, 1981; Amended by Laws 2005, HB 1993, c. 394, § 5, emerg. eff. June 6, 2005 (superseded document available).