§ 9–418
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 9-418 (2026)
Title 9. Impaired Entities
Subtitle 4. Life and Health Insurance Guaranty Corporation Act
§ 9–418LinkCopy Citation
(a)
To allow proper legal action by the Corporation on any matter germane to its powers or duties, each proceeding in which the impaired insurer is a party in a court in the State shall be stayed for 60 days after the date an order of liquidation, rehabilitation, or conservation is final.
(b)
If a court enters a judgment under a decision, order, verdict, or finding based on default, the Corporation may:
(1)
apply to have the judgment, decision, order, verdict, or finding set aside by the same court that made it; and
(2)
defend against the suit on the merits.