Section 16-131-203 - DefinitionsAs used in this subchapter:
(1) "Annuity" means a fixed and periodic amount of moneys payable throughout the life of a person or for a temporary period;(2) "Claim" means a civil cause of action and includes a claim made by or on behalf of a minor;(3) "Conservator" means a person appointed or qualified by a court to manage the estate of an individual;(4) "Guardian" means an individual who has legal custody of a minor or the state if the minor is in state custody;(5) "Guardian ad litem" means an individual appointed by a court in which a particular proceeding is pending to represent a minor in that proceeding;(6) "Minor" means an individual under eighteen (18) years of age;(7) "Settlement" means an arrangement for payment of damages for personal injuries or sickness established by a settlement agreement or judgment in resolution of a claim; and(8) "Settlement agreement" means an agreement, judgment, stipulation, or release embodying the terms of a settlement.Added by Act 2023, No. 468,§ 1, eff. 8/1/2023.