Connecticut § 38a-875 (Formerly Sec. 38-318). Stay of proceedings in which impaired insurer a party.

Connecticut Statutes

§ 38a-875 — (Formerly Sec. 38-318). Stay of proceedings in which impaired insurer a party.

Connecticut·Title 38a Insurance·Ch. 704a Insurance Guaranty Funds

All proceedings in which the impaired insurer is a party in any court in this state shall be stayed one hundred eighty 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. The association may apply to have any judgment under any decision, order, verdict, or finding based on default set aside by the same court that made such judgment and shall be permitted to defend against such suit on the merits.

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All proceedings in which the impaired insurer is a party in any court in this state shall be stayed one hundred eighty 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. The association may apply to have any judgment under any decision, order, verdict, or finding based on default set aside by the same court that made such judgment and shall be permitted to defend against such suit on the merits.

Connecticut § 38a-875 ((Formerly Sec. 38-318). Stay of proceedings in which impaired insurer a party.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.