31A-15-213 - Effect of orders issued in U.S. District Court.
31A-15-213. Effect of orders issued in U.S. District Court.
An order issued by any district court of the United States shall be enforceable in the courtsof this state to enjoin a risk retention group from soliciting or selling insurance, or operating inany state, in all states, or in any territory or possession of the United States, upon a finding thatthe group is in hazardous financial condition or financially impaired condition.
An order issued by any district court of the United States shall be enforceable in the courtsof this state to enjoin a risk retention group from soliciting or selling insurance, or operating inany state, in all states, or in any territory or possession of the United States, upon a finding thatthe group is in hazardous financial condition or financially impaired condition.
Enacted by Chapter 258, 1992 General Session