All proceedings in which the impaired insurer is a party in any court in this state shall be stayed one hundred eighty 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. The association may apply to have any judgment under any decision, order, verdict, or finding based on default set aside by the same court that made such judgment and shall be permitted to defend against such suit on the merits.
(1972, P.A. 280, S. 18.)
History: Sec. 38-318 transferred to Sec. 38a-875 in 1991.
Structure Connecticut General Statutes
Chapter 704a - Insurance Guaranty Funds
Section 38a-837. (Formerly Sec. 38-274). - Application of chapter.
Section 38a-838. (Formerly Sec. 38-275). - Definitions.
Section 38a-842. (Formerly Sec. 38-279). - Plan of operation.
Section 38a-843. (Formerly Sec. 38-280). - Insolvent insurers. Penalty. Petition to show cause.
Section 38a-846. (Formerly Sec. 38-283). - Detection and prevention of insurer insolvencies.
Section 38a-848. (Formerly Sec. 38-285). - Exemption from fees and taxes. Exception.
Section 38a-849. (Formerly Sec. 38-286). - Rates and premiums to include recoupment of assessments.
Section 38a-852. (Formerly Sec. 38-288a). - Prohibited unfair trade practice.
Section 38a-853. (Formerly Sec. 38-289). - Regulations.
Section 38a-859. (Formerly Sec. 38-302). - Association of member insurers.
Section 38a-860. (Formerly Sec. 38-303). - Application of chapter. Obligations of association.
Section 38a-861. (Formerly Sec. 38-304). - Liberal construction.
Section 38a-862. (Formerly Sec. 38-305). - Definitions.
Section 38a-863. (Formerly Sec. 38-306). - Creation of association. Accounts. Supervision.
Section 38a-864. (Formerly Sec. 38-307). - Board of directors.
Section 38a-865. (Formerly Sec. 38-308). - Powers.
Section 38a-866. (Formerly Sec. 38-309). - Assessments.
Section 38a-867. (Formerly Sec. 38-310). - Plan of operation.
Section 38a-868. (Formerly Sec. 38-311). - Duties of commissioner.
Section 38a-869. (Formerly Sec. 38-312). - Action by board of directors. Examination of insurer.
Section 38a-872. (Formerly Sec. 38-315). - Examination and regulation of association. Reports.
Section 38a-873. (Formerly Sec. 38-316). - Exemption from fees and taxes.
Section 38a-874. (Formerly Sec. 38-317). - Immunity.
Section 38a-875. (Formerly Sec. 38-318). - Stay of proceedings in which impaired insurer a party.
Section 38a-880. - Brokered Transactions Guaranty Fund.
Section 38a-881. - Fee payable to fund.
Section 38a-882. - Level of guaranty fund. Credits to General Fund. Assessment of additional fee.
Section 38a-883. - Limitation of actions.
Section 38a-885. - Penalty for false or untrue claim.
Section 38a-886. - Procedure. Application to the Superior Court.
Section 38a-887. - Payment from guaranty fund.