Sec. 2. As used in this chapter, "periodic payments agreement" means a contract between a health care provider (or its insurer) and the patient (or the patient's estate), under which the health care provider is relieved from possible liability in consideration of: (1) a present payment of money to the patient (or the patient's estate); and (2) one (1) or more payments to the patient (or the patient's estate) in the future; whether or not some or all of the payments are contingent upon the patient's survival to the proposed date of payment. [Pre-1998 Recodification Citation: 27-12-14-2.]
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