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.
Structure Alaska Statutes
Chapter 79. Alaska Life and Health Insurance Guaranty Association Act
Sec. 21.79.025. Liability limits.
Sec. 21.79.040. Association established.
Sec. 21.79.050. Board of governors.
Sec. 21.79.060. Powers and duties of the association.
Sec. 21.79.080. Plan of operation.
Sec. 21.79.090. Powers and duties of the director.
Sec. 21.79.100. Prevention of insolvencies.
Sec. 21.79.110. Miscellaneous provisions.
Sec. 21.79.120. Examination of the association, annual report.
Sec. 21.79.130. Tax exemption.
Sec. 21.79.140. Civil immunity.
Sec. 21.79.150. Stay of proceedings; default judgment.
Sec. 21.79.160. Prohibited advertisement of insurance sales; required notice.
Sec. 21.79.170. Determination of principal place of business.
Sec. 21.79.180. Determination of residency of certain individuals.