515B.15 Stay of proceedings. 1. All proceedings to which the insolvent insurer is a party or in which it is obligated to defend a party shall be stayed from the date of the insolvency to and including the date setas the deadline for the filing of claims against the insolvent insurer or its receiver. However,upon application, the court having jurisdiction of the receivership, may lengthen or shortenthe period, either as to all claims or as to any particular claim. The association may, at theoption of the association, waive such stay as to specific cases involving covered claims. 2. As to any covered claims based on the default of an insurer who is or who becomes insolvent, or based on the failure of an insurer to defend an insured, the association, on itsown behalf or on behalf of the insured, is entitled to set the default aside and defend suchclaim on its merits. [C71, 73, 75, 77, 79, 81, §515B.15]92 Acts, ch 1162, §42; 97 Acts, ch 186, §18; 2019 Acts, ch 24, §104 Sat Dec 23 00:48:17 2023 Iowa Code 2024, Section 515B.15 (16, 0)
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