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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) All proceedings in which the insolvent member insurer is a party or is obligated to defend a party in any court of the commonwealth shall, subject to waiver by the Fund in specific cases involving covered claims, be stayed for 6 months and such additional time as may be determined by the court from the date the insolvency is determined or an ancillary proceeding is instituted in the commonwealth, whichever is later, to permit proper defense by the Fund of all pending causes of action.
(b) The liquidator, receiver or statutory successor of an insolvent member insurer covered by this chapter shall permit access by the board of directors or its authorized representative to the insolvent member insurer's records that are necessary for the board in carrying out its functions under this chapter with regard to covered claims. The liquidator, receiver or statutory successor shall provide the board or its representative with copies of those records upon the request by the board and at the expense of the board.
Cite this article: FindLaw.com - Massachusetts General Laws Part I. Administration of the Government (Ch. 1-182) Ch. 175D, § 17 - last updated January 01, 2025 | https://codes.findlaw.com/ma/part-i-administration-of-the-government-ch-1-182/ma-gen-laws-ch-175d-sect-17/
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