All proceedings in which the insolvent insurer is a party in any court in this state shall be stayed 180 days from the date an order of liquidation, rehabilitation, or conservation is final to permit proper legal action by the association on any 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 such judgment set aside by the same court that made such judgment and shall be permitted to defend against such suit on the merits.
Structure Code of Alabama
Chapter 44 - Life and Disability Insurance Guaranty Association.
Section 27-44-1 - Short Title.
Section 27-44-2 - Purpose of Chapter.
Section 27-44-3 - Scope of Chapter.
Section 27-44-4 - Construction of Chapter.
Section 27-44-5 - Definitions.
Section 27-44-6 - Creation of Association; Membership; Accounts; Supervision.
Section 27-44-8 - Powers and Duties of Association.
Section 27-44-9 - Assessments.
Section 27-44-11 - Duties and Powers of Commissioner; Appeal and Review; Notification.
Section 27-44-13 - Credits for Assessments Paid.
Section 27-44-15 - Examination and Regulation of Association; Annual Report.
Section 27-44-16 - Tax Exemptions.
Section 27-44-17 - Immunity Under Chapter.
Section 27-44-18 - Stay of Proceedings; Reopening Default Judgments.