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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.