Indiana § 27-8-8-15 Insolvent insurer proceedings; stay; setting aside judgment

Indiana Statutes

§ 27-8-8-15 — Insolvent insurer proceedings; stay; setting aside judgment

Indiana·Title 27 INSURANCE·Art. 8 LIFE, ACCIDENT, AND HEALTH·Ch. 8 Indiana Life and Health Insurance Guaranty Association

All proceedings in which an insolvent insurer is a party in any court in Indiana shall be stayed for one hundred eighty

(180)days from the date an order of liquidation is entered to permit proper legal action by the association on matters germane to its powers or duties. 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 is entitled to defend against the suit on the merits. As added by Acts 1978, P.L.129, SEC.3. Amended by P.L.193-2006, SEC.28; P.L.276-2013, SEC.34.

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All proceedings in which an insolvent insurer
is a party in any court in Indiana shall be stayed for one hundred eighty
(180) days from the date an order of liquidation is entered to permit
proper legal action by the association on matters germane to its powers
or duties. 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 is entitled to
defend against the suit on the merits.
As added by Acts 1978, P.L.129, SEC.3. Amended by
P.L.193-2006, SEC.28; P.L.276-2013, SEC.34.

Indiana § 27-8-8-15 (Insolvent insurer proceedings; stay; setting aside judgment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.