Rhode Island General Laws 27-34.3-18. Stay of proceedings – Reopening default judgments
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All proceedings in which the insolvent insurer is a party in any court in this state shall be stayed one hundred eighty (180) 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. As to judgment under any decision, order, verdict, or finding based on default, the association may apply to have the judgment set aside by the same court that made the judgment and shall be permitted to defend against the suit on the merits.
History of Section.
P.L. 1995, ch. 114, § 1; P.L. 2009, ch. 158, § 1; P.L. 2009, ch. 169, § 1.
Terms Used In Rhode Island General Laws 27-34.3-18
- Association: means the Rhode Island life and health insurance guaranty association created under §?27-34. See Rhode Island General Laws 27-34.3-5
- Germane: On the subject of the pending bill or other business; a strict standard of relevance.
- Insolvent insurer: means a member insurer which after January 1, 1996, is placed under an order of liquidation by a court of competent jurisdiction with a finding of insolvency. See Rhode Island General Laws 27-34.3-5
- State: means a state, the District of Columbia, Puerto Rico, or a United States possession, territory, or protectorate. See Rhode Island General Laws 27-34.3-5
- Verdict: The decision of a petit jury or a judge.