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2013 New York Consolidated Laws
ISC - Insurance
Article 59 - (5901 - 5913) RISK RETENTION GROUPS AND PURCHASING GROUPS
5912 - Binding effect of orders issued in United States district court.


NY Ins L § 5912 (2012) What's This?
 
    §  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.

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