Alaska § 28.20.360 - Payments sufficient to satisfy requirements.
Full text of Alaska Alaska Statutes § 28.20.360 — Payments sufficient to satisfy requirements., with citation guidance and answers to common questions.
§ 28.20.360. Payments sufficient to satisfy requirements.
(a) In this chapter, a judgment is satisfied when (1) $50,000 is credited upon a judgment given in excess of that amount because of bodily injury to or death of one person as the result of any one accident;
(2) subject to the limit of $50,000 because of bodily injury to or death of one person, the sum of $100,000 is credited upon a judgment given in excess of that amount because of bodily injury to or death of two or more persons as the result of any one accident; or
(3) $25,000 is credited upon a judgment given in excess of that amount because of injury to or destruction of property of others as a result of any one accident.
(b) However, payments made in settlement of a claim because of bodily injury, death, or property damage arising from the accident shall be credited in reduction of the amounts provided for in this section.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 28.20.360
What does Alaska Statutes § 28.20.360 cover?
Section 28.20.360 ("Payments sufficient to satisfy requirements.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 28.20.360?
A common citation format is "Alaska Statutes § 28.20.360" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 28.20.360 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.