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- Alaska Statutes.
- Title 21. Insurance
- Chapter 79. Alaska Life and Health Insurance Guaranty Association Act
- Section 150. Stay of Proceedings; Default Judgment.
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AS 21.79.150. Stay of Proceedings; Default Judgment.
Proceedings involving an insolvent insurer shall be stayed at least 60 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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