New York § 5912 Binding effect of orders issued in United States district court

New York Statutes

§ 5912 — Binding effect of orders issued in United States district court

New York·Law ISC Insurance·Art. 59 Risk Retention Groups and Purchasing Groups

  § 5912. Binding effect of orders issued in United States district\ncourt. An order issued by any district court of the United States\nenjoining a risk retention group from soliciting or selling insurance,\nor operating in any state (or in all states or in any territory or\npossession of the United States), upon a finding that such a group is in\nhazardous financial condition or financially impaired shall be\nenforceable in the courts of this state.\n

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§ 5912. Binding effect of orders issued in United States district\ncourt. An order issued by any district court of the United States\nenjoining a risk retention group from soliciting or selling insurance,\nor operating in any state (or in all states or in any territory or\npossession of the United States), upon a finding that such a group is in\nhazardous financial condition or financially impaired shall be\nenforceable in the courts of this state.\n

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