Connecticut General Statutes 38a-875 – Stay of proceedings in which impaired insurer a party
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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.
Terms Used In Connecticut General Statutes 38a-875
- Germane: On the subject of the pending bill or other business; a strict standard of relevance.
- State: means any state, district, or territory of the United States. See Connecticut General Statutes 38a-1
- Verdict: The decision of a petit jury or a judge.