Revising punitive damages laws and procedures

This bill modifies Montana's punitive damages laws by requiring courts to review supporting evidence before allowing claims for punitive damages to be added to a lawsuit. It mandates that parties submit affidavits and documentation proving specific facts supporting a punitive damages claim, and allows for an evidentiary hearing with live testimony if requested. The bill also establishes that financial information about the defendant's net worth cannot be used to determine liability for punitive damages, but must be considered when determining the final award amount. Additionally, it requires judges to divide punitive damage awards equally between the prevailing party and the state, and mandates detailed written explanations for any judicial adjustments to jury awards.