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The Laws of New York
Consolidated Laws of New York
CHAPTER 28
Insurance
ARTICLE 59
Risk Retention Groups and Purchasing Groups
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SECTION 5911
Insurance agents, insurance brokers and excess line brokers
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ARTICLE 59
Risk Retention Groups and Purchasing Groups
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SECTION 5913
Financial responsibility
This entry was published on 2014-09-22
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SECTION 5912
Binding effect of orders issued in United States district court
Insurance (ISC) CHAPTER 28, ARTICLE 59
§ 5912. Binding effect of orders issued in United States district
court. 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), upon a finding that such a group is in
hazardous financial condition or financially impaired shall be
enforceable in the courts of this state.