Requires the determination of awards for punitive damages to be made in a separate proceeding. Permits the jury to set the amount for punitive damages if, in the first stage, the jury finds a defendant liable for punitive damages. Permits the admissibility of evidence of a defendant’s net worth only during the proceeding for the determination of punitive damages. Requires 50% of all punitive damages awards to be paid to the state fund. Prohibits multiple punitive damages awards under certain conditions.