All proceedings in which the impaired or insolvent insurer is a party in any court
in this state must be stayed for 60 days from the date an order of liquidation, rehabilitation
or conservation is final to permit proper legal action by the Association on any matters
germane to its powers or duties. If a judgment has been entered under any decision, order, verdict or finding based
on default, the Association may apply to have the judgment set aside by the same court
that entered the judgment and is entitled to defend against the suit on the merits.
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.
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