Sec. 38a-875. (Formerly Sec. 38-318). Stay of proceedings in which impaired insurer a party. - Connecticut Statutes

      Sec. 38a-875. (Formerly Sec. 38-318). Stay of proceedings in which impaired insurer a party. All proceedings in which the impaired 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. The association may apply to have any judgment under any decision, order, verdict, or finding based on default set aside by the same court that made such judgment and shall be permitted to defend against such suit on the merits.

      (1972, P.A. 280, S. 18.)

      History: Sec. 38-318 transferred to Sec. 38a-875 in 1991.