N.J. Stat. § 39:6-38

Current through L. 2023, c. 320.
Section 39:6-38 - Partial payments which are deemed satisfaction of judgment

For the purposes of sections 9 to 14 of this act when:

(a) $10,000.00 has been credited upon any judgment or judgments rendered in excess of that amount for bodily injury to or the death of 1 person as the result of 1 accident;
(b) Subject to the limit of $10,000.00 for 1 person so injured or killed, the sum of $20,000.00 has been credited upon any judgment or judgments rendered in excess of that amount for bodily injury to or the death of more than 1 person as the result of 1 accident; or
(c) $5,000.00 has been credited upon any judgment or judgments rendered in excess of that amount for damage to property as the result of 1 accident--

Such payment or payments shall be deemed a satisfaction of the judgment or judgments.

N.J.S. § 39:6-38

L.1952, c.173, p.559, s.16; amended by L.1958, c.95, p.545, s.4.