Section 21.79.150. Stay of proceedings; default judgment.

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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.

Notes

History

(Sec. 3 ch 52 SLA 1990; am Sec. 41 ch 119 SLA 2000)

                    
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