§ 27-34.3-18. Stay of proceedings — Reopening default judgments.
All proceedings in which the insolvent insurer is a party in any court in this state shall be stayed one hundred 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 the judgment set aside by the same court that made the judgment and shall be permitted to defend against the suit on the merits.
History of Section.P.L. 1995, ch. 114, § 1; P.L. 2009, ch. 158, § 1; P.L. 2009, ch. 169, § 1.
Structure Rhode Island General Laws
Chapter 27-34.3 - Rhode Island Life and Health Insurance Guaranty Association Act
Section 27-34.3-1. - Short title.
Section 27-34.3-3. - Coverage and limitations.
Section 27-34.3-4. - Construction.
Section 27-34.3-5. - Definitions.
Section 27-34.3-6. - Creation of the association.
Section 27-34.3-7. - Board of directors.
Section 27-34.3-8. - Powers and duties of the association.
Section 27-34.3-9. - Assessments.
Section 27-34.3-10. - Plan of operation.
Section 27-34.3-11. - Duties and powers of the commissioner.
Section 27-34.3-12. - Prevention of insolvencies.
Section 27-34.3-13. - Credits for assessments paid (tax offsets).
Section 27-34.3-14. - Miscellaneous provisions.
Section 27-34.3-15. - Examination of the association — Annual report.
Section 27-34.3-16. - Tax exemptions.
Section 27-34.3-17. - Immunity.
Section 27-34.3-18. - Stay of proceedings — Reopening default judgments.