Changes the amounts for liability insurance and liability limits for tort claims against the state, a political subdivision, or a public entity

Summary

The bill limits the amount of liability insurance that state agencies and local governments can carry and caps the total damages they can be ordered to pay for tort claims. It waives sovereign immunity only up to those caps, bars punitive damages, and ties the limits to inflation. The measure also provides a process for courts to divide payouts when total claims exceed the $5 M limit.

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