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Maryland · Through 2026-01-01

Md. Code, Insurance § 9–418

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Where this section sits in the code
  1. Article - Insurance

(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.

Collected 2026-09-14T19:59:28Z. Source file · JSON

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