Alaska Stat. § 21.79.150

Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
Section 21.79.150 - Stay of proceedings; default judgment

Proceedings involving an insolvent insurer shall be stayed at least 180 days after the date of a final order of liquidation, rehabilitation, or conservation in order to allow the association to exercise a power or duty authorized under this chapter. If a default judgment is entered against an insolvent insurer, the association may apply to have the judgment set aside or may defend against the action on its merits.

AS 21.79.150

Amended by SLA 2018, ch. 47,sec. 41, eff. 7/1/2018.