Civil actions: service of documents.

(1) Existing law provides that a party to an action in which it is alleged that 2 or more parties are joint tortfeasors or co-obligors on a contract debt is entitled to a hearing on the issue of the good faith of a settlement entered into by the plaintiff or other claimant and one or more alleged tortfeasors or co-obligors, upon giving a specified notice. In the alternative, a settling party may give notice of settlement to all parties and to the court, together with an application for a determination of good faith settlement and a proposed order. Existing law requires that the notice, application, and proposed order be given by certified mail, return receipt requested.