40-3018. Stay of proceedings; actions to set aside judgments and defend suits. All proceedings in which the impaired or insolvent insurer is a party in any court in this state shall be stayed 60 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. As to a judgment 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 suit on the merits.
History: L. 1972, ch. 190, § 18; L. 1986, ch. 180, § 14; July 1.
Structure Kansas Statutes
Article 30 - Life And Health Insurance Guaranty Association
40-3001 Name and citation of act.
40-3003 Persons provided coverage; policies and contracts specified.
40-3007 Board of directors of association; selection; approval; vacancies; compensation.
40-3014 Examination and regulation by commissioner; financial report.
40-3015 Association exempt from certain fees and taxes.
40-3016 Certificates of contributions as assets; percentage offset; refunds, disposition.
40-3017 Liabilities of parties for acts.
40-3018 Stay of proceedings; actions to set aside judgments and defend suits.