Proceedings involving an insolvent insurer shall be stayed at least 60 days after the date of a final order of liquidation, rehabilitation, or conservation in order to allow the association to exercise a power or duty authorized under this chapter. If a default judgment is entered against an insolvent insurer, the association may apply to have the judgment set aside or may defend against the action on its merits.
Section: Previous 21.79.070 21.79.080 21.79.090 21.79.100 21.79.110 21.79.120 21.79.130 21.79.140 21.79.150 21.79.160 21.79.170 21.79.180 21.79.900 21.79.990 NextLast modified: November 15, 2016