(a) All proceedings in which the insolvent insurer is a party in any court in the District of Columbia 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.
(b) As to judgment under any decision, order, verdict, or finding based on default, the Association may apply to have the judgment set aside by the same court that made the judgment and shall be permitted to defend against the suit on the merits.
(July 22, 1992, D.C. Law 9-129, § 16, 39 DCR 4036; July 23, 2014, D.C. Law 20-130, § 2(h), 61 DCR 5900.)
1981 Ed., § 35-1955.
The 2014 amendment by D.C. Law 20-130 substituted “180 days” for “60 days” in (a).
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 54 - Life and Health Insurance Guaranty Association
§ 31–5402. Coverage and limitations
§ 31–5403. Creation of the Association
§ 31–5405. Powers and duties of the Association
§ 31–5408. Duties and powers of the Mayor
§ 31–5409. Prevention of insolvencies
§ 31–5410. Credits for assessments paid
§ 31–5412. Examination of the Association; annual report
§ 31–5415. Stay of proceedings; reopening default judgments
§ 31–5416. Prohibited advertisement of Association act in insurance sale; notice to policyholders