All proceedings in any court in this state in which the insolvent insurer is a party shall be stayed 180 days from the date of a final order of liquidation, rehabilitation, or conservation to permit proper legal action by the association on any matters germane to its powers or duties. As to judgment entered 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 action on the merits.
History. Code 1933, § 56-2215, enacted by Ga. L. 1981, p. 1336, § 1; Ga. L. 2012, p. 701, § 1/HB 786.
Structure Georgia Code
Chapter 38 - Georgia Life and Health Insurance Guaranty Association
§ 33-38-7. Powers and Duties of the Association Generally
§ 33-38-8. Submission of Plan of Operation; Contents; Compliance With Such Plan
§ 33-38-9. Delegation of Powers and Duties of the Association
§ 33-38-10. Duties and Powers of the Commissioner
§ 33-38-11. Records of Meetings and Negotiations of the Association
§ 33-38-12. Examination of the Association by the Commissioner; Annual Report
§ 33-38-13. Exemption of the Association From Taxation
§ 33-38-15. Assessments Against Member Insurers
§ 33-38-19. Notification as to Effect of Chapter
§ 33-38-20. Appeal to the Commissioner; Judicial Review
§ 33-38-21. References to the Association in Advertisements for Insurance
§ 33-38-22. Premium Tax Liability Offsets; Refunds Offset Against Taxes