40-3018. Stay of proceedings; actions to set aside judgments and defend suits. - Kansas Statutes

40-3018

Chapter 40.--INSURANCE Article 30.--LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION

      40-3018.   Stay of proceedings; actions to set aside judgments anddefend suits.All proceedings in which the impaired or insolvent insurer is a party in any court inthis state shall be stayed 60 days from the date an order ofliquidation, rehabilitation or conservation is final to permit properlegal action by the association on any matters germane to its powers orduties. As to a judgment under any decision, order, verdict or findingbased on default the association may apply to have such judgment set asideby the same court that made such judgment and shall be permitted to defendagainst such suit on the merits.

      History:   L. 1972, ch. 190, § 18;L. 1986, ch. 180, § 14; July 1.