All proceedings to which an insolvent insurer is a party in any court in this state shall be stayed for sixty days after the date the insolvency is determined to permit proper defense by the association of all pending causes of action.
Source: L. 71: p. 763, § 1. C.R.S. 1963: § 72-34-18.
Cross references: For stay of proceedings to permit proper defense by the Colorado insurance guaranty association, see § 10-4-508 (1)(d) regarding the exercise of powers and duties relevant thereto.
Structure Colorado Code
Article 4 - Property and Casualty Insurance
Part 5 - Colorado Insurance Guaranty Association Act
§ 10-4-502. Legislative Declaration
§ 10-4-506. Colorado Insurance Guaranty Association
§ 10-4-507. Board of Directors
§ 10-4-508. Powers and Duties of Association
§ 10-4-508.5. Aggregate Liability of Association
§ 10-4-510. Duties and Powers of Commissioner
§ 10-4-511. Effect of Paid Claims
§ 10-4-512. Nonduplication of Recovery
§ 10-4-513. Prevention of Insolvencies
§ 10-4-514. Examination of Association
§ 10-4-516. Recognition of Assessments in Rates
§ 10-4-518. Stay of Proceedings