Insurance Law 5912 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 5911 Insurance agents, insurance brokers and excess line brokers up ARTICLE 59 Risk Retention Groups and Purchasing Groups next SECTION 5913 Financial responsibility Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email 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.