1. If the association fails to act within a reasonable period of time when authorized
to do so, the director shall have the powers and duties of the association under sections 376.715 to 376.758 with respect to the insolvent insurers.
2. The association may render assistance and advice to the director, upon his request,
concerning rehabilitation, payment of claims, continuance of coverage, or the performance
of other contractual obligations of any impaired or insolvent insurer.
3. The association shall have standing to appear or intervene before any court or
agency in this state with jurisdiction over an impaired or insolvent insurer concerning
which the association is or may become obligated under sections 376.715 to 376.758, or with jurisdiction over any person or property against which the association may
have rights through subrogation or otherwise. Such standing shall extend to all matters germane to the powers and duties of the
association, including, but not limited to, proposals for reinsuring, modifying or
guaranteeing the policies or contracts of the impaired or insolvent insurer and the
determination of the policies or contracts and contractual obligations. The association shall have the right to appear or intervene before a court or agency
in another state with jurisdiction over an impaired or insolvent insurer for which
the association is or may become obligated or with jurisdiction over any person or
property against whom the association may have rights through subrogation or otherwise.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.