During the pendency of delinquency proceedings in this or any reciprocal state, no action or proceeding in the nature of an attachment, garnishment, or execution shall be commenced or maintained in the courts of this state against the delinquent insurer or its assets. Any lien obtained by any such action or proceeding within four months prior to the commencement of any such delinquency proceeding or at any time thereafter shall be void as against any rights arising in such delinquency proceeding.
Cal. Ins. Code § 1064.9
Uniform Liquidation Act
Known as the Uniform Insurers Rehabilitation Act
The act spans §§ 1064–1064 (13 sections).
Applied in 1 court decision — leading case Hawthorne Savings F.S.B. v. Reliance Insurance Co. of Illinois (2005)
Most recently applied in Hawthorne Savings F.S.B. v. Reliance Insurance Co. of Illinois (August 2005)
Added by Stats. 1988, Ch. 1466, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.