All proceedings in which the insolvent insurer is a party in any court in this state shall be stayed not less than 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.
Cal. Ins. Code § 1067.16
California Life and Health Insurance Guarantee Association
Known as the California Life and Health Insurance Guarantee Association Act
The act spans §§ 1067–1067 (21 sections).
Amended by Stats. 2010, Ch. 334, Sec. 14
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.