Sec. 21.79.150. Stay of proceedings; default judgment.
76 words·~1 min read·
/ak/title-21/chapter-79/21-79-150A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 21.79.150. Stay of proceedings; default judgment.
Proceedings involving an insolvent insurer shall be stayed at least 180 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.