Indiana Code § 27-1-29.1-15

Single or installment payments; limits
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Sec. 15. An amount payable under section 13 of this chapter that is no more than ten thousand dollars ($10,000) may be paid in a single, immediate payment. An amount payable under section 13 of this chapter that is greater than ten thousand dollars ($10,000) shall be paid: (1) in installments under section 18(c) of this chapter; or (2) under a structured settlement negotiated under section 18(d) of this chapter.

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