All proceedings in which the insolvent insurer is a party in any court in this state shall be stayed one hundred and eighty (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. As to 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.
Structure Mississippi Code
Chapter 23 - Insolvent Insurance Companies; Insurance Guaranty Association
Article 5 - Mississippi Life and Health Insurance Guaranty Association Act
§ 83-23-201. Citation of article
§ 83-23-205. Applicability of article
§ 83-23-207. Construction of article
§ 83-23-215. Powers of association
§ 83-23-223. Detection and prevention of insurer insolvencies or impairments
§ 83-23-227. Regulation by commissioner; annual report
§ 83-23-229. Tax status of association
§ 83-23-233. Stay of judicial proceedings upon order of liquidation, rehabilitation, or conservation
§ 83-23-237. Applicability of amendments by Chapter 358, Laws of 2014