2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515B - INSURANCE GUARANTY ASSOCIATION
515B.15 - STAY OF PROCEEDINGS.

        515B.15  STAY OF PROCEEDINGS.
         All proceedings to which the insolvent insurer is a party or in
      which it is obligated to defend a party shall be stayed from the date
      of the insolvency to and including the date set as the deadline for
      the filing of claims against the insolvent insurer or its receiver.
      However, upon application, the court having jurisdiction of the
      receivership, may lengthen or shorten the period, either as to all
      claims or as to any particular claim.  The association may, at the
      option of the association, waive such stay as to specific cases
      involving covered claims.
         As to any covered claims based on the default of an insurer who is
      or who becomes insolvent, or based on the failure of an insurer to
      defend an insured, the association, on its own behalf or on behalf of
      the insured, is entitled to set the default aside and defend such
      claim on its merits.  

         Section History: Early Form

         [C71, 73, 75, 77, 79, 81, § 515B.15] 

         Section History: Recent Form

         92 Acts, ch 1162, § 42; 97 Acts, ch 186, §18