508C.17 Stay of proceedings — reopening default judgments.
Proceedings in which the insolvent insurer is a party in a 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 matters germane to its powers or duties. The association may apply to have a judgment under a decision, order, verdict, or finding based on default, set aside by the same court that entered the judgment, and shall be permitted to defend against the suit on the merits.
87 Acts, ch 223, §17; 2011 Acts, ch 70, §21
Structure Iowa Code
Chapter 508C - IOWA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION
Section 508C.4 - Construction.
Section 508C.6 - Creation of association.
Section 508C.7 - Board of directors.
Section 508C.8 - Powers and duties of association.
Section 508C.8A - Principal place of business — determination.
Section 508C.10 - Plan of operation.
Section 508C.11 - Duties and powers of commissioner.
Section 508C.12 - Prevention of insolvencies.
Section 508C.13 - Miscellaneous provisions.
Section 508C.14 - Examination of association — annual report.
Section 508C.15 - Tax exemptions.
Section 508C.16 - Immunity — indemnification.
Section 508C.17 - Stay of proceedings — reopening default judgments.
Section 508C.18 - Prohibited advertisements.
Section 508C.18A - Notice to policyholders — summary of chapter and disclosure.