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Senate substitutes prejudgment interest bill to limit when interest accrues and set rates
Summary
Senators substituted SB 69 to revise prejudgment interest rules for lost wages and medical expenses, moving accrual to the date of first loss (rather than date of accident), setting a floor and ceiling on rates, and making other procedural clarifications; the substitute was circled and later advanced by recorded votes.
Sponsor Senator Urquhart presented a substitute to SB 69 that adjusts prejudgment interest rules. The substitution shifts the accrual start to the date of first loss (for example, when medical bills are actually incurred rather than the accident date), establishes a floor of 5% and a ceiling of…
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