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2025 Alaska Statutes
Title 21. Insurance
Chapter 79. Alaska Life and Health Insurance Guaranty Association Act
Sec. 21.79.150. Stay of proceedings; default judgment
Universal Citation:
AK Stat § 21.79.150 (2025)
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Proceedings involving an insolvent insurer shall be stayed at least 180 days after the date of a final order of liquidation, rehabilitation, or conservation in order to allow the association to exercise a power or duty authorized under this chapter. If a default judgment is entered against an insolvent insurer, the association may apply to have the judgment set aside or may defend against the action on its merits.
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