Ohio Code 3956.17 – Proceedings involving insolvent insurer
Current as of: 2024 | Check for updates
|
Other versions
All proceedings in which the insolvent insurer is a party in any court in this state shall be stayed sixty days from the date an order of rehabilitation or liquidation is final to permit proper legal action by the association on any matters germane to its powers or duties. As to judgment under any decision, order, verdict, or finding based on default, the Ohio life and health guaranty association may apply to have the judgment set aside by the same court that made the judgment and may defend against the suit on the merits.
Terms Used In Ohio Code 3956.17
- Germane: On the subject of the pending bill or other business; a strict standard of relevance.
- Insolvent insurer: means a member insurer that, after November 20, 1989, is placed under an order of liquidation by a court of competent jurisdiction with a finding of insolvency. See Ohio Code 3956.01
- state: means the state of Ohio. See Ohio Code 1.59
- Verdict: The decision of a petit jury or a judge.