District of Columbia Statutes
§ 31-5415 — Stay of proceedings; reopening default judgments.
District of Columbia·Title 31 Insurance and Securities.·Ch. 54 Life and Health Insurance Guaranty Association.
(a)All proceedings in which the insolvent insurer is a party in any court in the District of Columbia shall be stayed 180 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.
(b)As to judgment 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 made the judgment and shall be permitted to defend against the suit on the merits.
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Legislative History
July 22, 1992, D.C. Law 9-129, § 16, 39 DCR 4036; July 23, 2014, D.C. Law 20-130, § 2(h), 61 DCR 5900
Nearby Sections
15
§ 31-1001
Report requirement.§ 31-1004
Confidentiality.§ 31-101
Definitions.§ 31-103
Functions and duties.§ 31-105
Transfers.§ 31-106
Organization.§ 31-106.01
Student Loan Ombudsman.§ 31-106.02a
Prohibited conduct – student loan servicers.§ 31-106.02b
Affirmative duties – student loan servicers.§ 31-106.02c
Prohibited acts – private education lenders.