A. During the pendency of delinquency proceedings in this or any reciprocal state, an action or proceeding in the nature of an attachment, garnishment or execution may not be commenced or maintained in the courts of this state against the delinquent insurer or its assets. Any lien obtained by any such action or proceeding within four months before the commencement of any such delinquency proceeding or at any time thereafter is void as against any rights arising in the delinquency proceeding.
B. Notwithstanding any other provision of this chapter, a federal home loan bank may not be stayed, enjoined or prohibited from exercising or enforcing any right or cause of action against collateral pledged by an insurer member under any federal home loan bank security agreement or any pledge, security, collateral or guarantee agreement or other similar arrangement or credit enhancement relating to a security agreement to which that federal home loan bank is a party.
Notes of Decisions
Pioneer Annuity Life Ins. v. Rich, 880 P.2d 682 (Ariz. Ct. App. 1994).
· cites it 2× “§ 20-628(A), and prevent individual actions against the insurer, AR.S. § 20-630.” State v. Arizona Pension Planning, 154 Ariz.”
State v. Arizona Pension Plan., 739 P.2d 1373 (Ariz. 1987).
· cites it 2× “§ 20-628(A), and prevent individual actions against the insurer, A.R.S. § 20-630. In this situation, it makes sense to allow the Director to consolidate all the claims against the insurer and its agents in a single action.”
Herstam v. Bd. of Directors, 895 P.2d 1131 (Colo. Ct. App. 1995).
“4A) and Ariz. Rev.Stat.Ann. § 20-630 (1990) (attachment, garnishment, and levy of execution).”
Am. Bonding Co. v. Coastal Metal Sales, 679 So. 2d 1250 (Fla. 2d DCA 1996).
“Ariz.Rev.Stat. Ann. § 20-630 (1990). Thus, as a practical matter, if Coastal Metal proceeded to judgment in this Florida case against ABC, it could only collect on the judgment in the Arizona court, whose order it is currently disregarding.”
Smith v. Farm & Home Life Ins., 506 S.E.2d 104 (Ga. 1998).
“ainst a domiciliary insurer, is the substantial equivalent of ARS § 20-626; (5) OCGA § 33-37-55, concerning the rights of resident claimants in reciprocal states against non-domiciliary insurers, is the substantial equivalent of ARS § 20-627; and (6) OCGA § 33-37-56, concerning…”
Alabama Nat'l Life Ins. Co. v. Gammill, 504 P.2d 516 (Ariz. Ct. App. 1972).
· cites it 5× “It was 12 January 1971, the day the trial commenced, that Alabama National filed its motion to vacate the garnishment based upon A.R.S. § 20-630 which reads as follows: “§ 20-630.”
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