As Amended
SEC. 71-3-181. Stay of proceedings involving insolvent self-insurer.
All proceedings in which the * * * self-insurer in default is a party before the commission or in any court in this state, on order of the commission, may be stayed for a period not to exceed six (6) months from the date of the default to permit proper defense by the association of all covered claims. If any judgment, order, decision, verdict or finding is made or entered against the self-insurer in default or against the association while the stay provided in this section is effective, the association may apply to have such judgment, order, decision, verdict or finding set aside by the same court or administrator that made such judgment, order, decision, verdict or finding. The association shall be permitted to enter its appearance and defend against any covered claim which is pending on the date of default or which is filed thereafter.
SOURCES: Laws, 1988, ch. 554, Sec. 16; Laws, 2003, ch. 553, § 8, HB 1305, eff from and after July 1, 2003.
PREVIOUS VERSIONS: Pre-2003