There is a newer version
of
this Statute
2017 Nebraska Revised Statutes
Chapter 44 - INSURANCE
44-2718 Stay of proceedings against impaired insurer; purpose; association; apply to set aside judgment or defend.
Universal Citation: NE Code § 44-2718 (2017)
44-2718. Stay of proceedings against impaired insurer; purpose; association; apply to set aside judgment or defend.
All proceedings in which the impaired insurer is a party in any court in this state shall be stayed sixty 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 a judgment under any decision, order, verdict, or finding based on default, the association may apply to have such judgment set aside by the same court that made such judgment and shall be permitted to defend against such suit on the merits.
Source
- Laws 1975, LB 217, ยง 18.
Disclaimer: These codes may not be the most recent version. Nebraska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
