500.8124a Guaranty association or foreign guaranty association; court standing; right to intervene; jurisdiction.
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500.8124a Guaranty association or foreign guaranty association; court standing; right to intervene; jurisdiction.
Sec. 8124a.
Any guaranty association or foreign guaranty association has standing to appear and may intervene as a party as a matter of right or otherwise appear and participate in any court proceeding concerning the rehabilitation or liquidation of an insurer if the association is or may become liable to act as a result of the liquidation. Exercise by any guaranty association or its designated representative of the right to intervene conferred under this subsection does not constitute grounds to establish general personal jurisdiction by the courts of this state.
The intervening guaranty association or foreign guaranty association is subject to the court's jurisdiction only for the limited purpose for which it intervenes.
History: Add. 2006, Act 356 , Imd. Eff. Sept. 18, 2006
Compiler's Notes: Act 218