2014 New York 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 (2014) 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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