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Legislature backs streamlined process for small settlements to minors, raises threshold to $40,000
Summary
Lawmakers adopted a committee amendment to LB341 to permit custodians to settle claims for minors without court approval when the settlement is $40,000 or less and to clarify other procedural protections; the bill advanced to E & R initial.
Senator Mervin Hallstrom introduced LB341, seeking to adopt the Nebraska Statutory Thresholds for Settlements Involving Minors Act, a model derived from the National Conference of Insurance Legislators (NCOIL). The measure would allow a person with legal custody to enter into a settlement on behalf of a minor without district court approval if the settlement amount (excluding medical costs, attorney fees and costs) is at or below a statutory threshold.
The Judiciar…
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