All proceedings in which the impaired or insolvent insurer is a party in any 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 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 the judgment set aside by the same court that made the judgment and shall be permitted to defend against the suit on the merits.
Structure West Virginia Code
Article 26A. West Virginia Life and Health Insurance Guaranty Association Act
§33-26A-2. Purpose of Article and Association of Insurers
§33-26A-3. Scope of Article; Policies and Contracts Covered; Exclusions; Extent of Liability
§33-26A-4. Construction of Article
§33-26A-7. Board of Directors; Members; Vacancies; Voting Rights; Appointment and Reimbursement
§33-26A-8. Powers and Duties of Association
§33-26A-11. Duties and Powers of Commissioner of Insurance
§33-26A-13. Appointment of Special Deputy
§33-26A-14. Miscellaneous Provisions
§33-26A-15. Examination of Association; Annual Report
§33-26A-18. Stay of Court Proceedings; Reopening Default Judgments