§47-7-316.

§47-7-316.
   
   (a) Judgments herein referred to shall, for the purpose of this
   chapter only, be deemed satisfied:
   
   1. When Ten Thousand Dollars ($10,000.00) has been credited upon any
   judgment or judgments rendered in excess of that amount because of
   bodily injury to or death of one person as the result of any one
   accident;
   
   2. When, subject to such limit of Ten Thousand Dollars ($10,000.00)
   because of bodily injury to or death of one person, the sum of Twenty
   Thousand Dollars ($20,000.00) has been credited upon any judgment or
   judgments rendered 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. When Ten Thousand Dollars ($10,000.00) has been credited upon any
   judgment or judgments rendered in excess of that amount because of
   injury to or destruction of property of others as a result of any one
   accident.
   
   (b) Provided, however, payments made in settlements of any claims
   because of bodily injury, death or property damage arising from such
   accident shall be credited in reduction of the amounts provided for in
   this section.