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3500 (Rev. 0415)RICK SNYDER GOVERNORATE OF MICHIGAN DEPARTMENT OF TREASURY LANSINGNICK A. HOURI STATE TREASURERRevised January 19, 2018, LIMITATION ON UNECONOMIC DAMAGES and PRODUCT LIABILITY DETERMINATION
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The limitation on noneconomic damages-product is a legal restriction on the amount of money that can be awarded for intangible losses such as pain and suffering, emotional distress, and loss of enjoyment of life.
The plaintiff or their legal representative is required to file the limitation on noneconomic damages-product.
The limitation on noneconomic damages-product can be filled out by providing details of the case, the amount of requested damages, and supporting documentation.
The purpose of the limitation on noneconomic damages-product is to cap the amount of compensation that can be awarded for intangible losses in order to prevent excessive jury awards and promote fairness in the legal system.
The information that must be reported on the limitation on noneconomic damages-product includes personal details of the plaintiff, details of the case, the amount of damages requested, and any supporting documentation.
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