                                 CODE OF VIRGINIA

STAY OF PROCEEDINGS; REOPENING DEFAULT JUDGMENTS (§ 38.2-1714)

All proceedings in which the insolvent member insurer is a party in any court in
this Commonwealth shall be stayed 180 days from the date an order of
liquidation, rehabilitation, or conservation is final to permit proper legal
action by the Association on all matters germane to its powers and duties. The
Association may apply to have the judgment under any decision, order, verdict,
or finding based on default set aside by the same court that made the judgment
and shall be permitted to defend against the suit on the merits.

HISTORY: 1976, c. 330, § 38.1-482.32; 1986, c. 562; 2010, c. 510; 2018, c. 706.