Sec. 538.4. Legal actions by Fund.

121 words·~1 min read·/il/chapter-215/act-5/538-4

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 538.4. Legal actions by Fund. The Fund may sue or be sued, including, but not limited to, taking any legal actions necessary or proper for recovery of:

(i)any unpaid assessments under Section 537.1 or 537.6;

(ii)any amounts due to the Fund for salvage and subrogation under Section 537.4 or from insurers described in subsection

(a)of Section 546; or

(iii)any amounts due from an insured pursuant to subsections

(a)and

(d)of Section 545. The Fund's power to sue includes, but is not limited to, the power and right to intervene as a party before any court that has jurisdiction over an insolvent insurer when the Fund is a creditor or potential creditor of the insolvent insurer.