Vermont § 6061 Binding effect of orders issued in U.S. District Court

Vermont Statutes

§ 6061 — Binding effect of orders issued in U.S. District Court

Vermont·Title 8 Title 8: Banking and Insurance·Ch. 142 Chapter 142: Risk Retention Groups and Purchasing Groups

An order issued by any District Court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating in any state, or in all states or in any territory or possession of the United States, shall be enforceable in the courts of this State, upon a finding that such a group is in hazardous financial or financially impaired condition. (Added 1991, No. 249 (Adj. Sess.), § 23, eff. Dec. 31, 1992.)

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An order issued by any District Court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating in any state, or in all states or in any territory or possession of the United States, shall be enforceable in the courts of this State, upon a finding that such a group is in hazardous financial or financially impaired condition. (Added 1991, No. 249 (Adj. Sess.), § 23, eff. Dec. 31, 1992.)

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