40-4120. Order of United States district court enjoining risk retention group from doing business enforceable in state courts. 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 a hazardous financial condition, shall be enforceable in the courts of the state.
History: L. 1987, ch. 172, ยง 12; April 30.
Structure Kansas Statutes
Article 41 - Risk Retention And Purchasing Groups
40-4108 Risk retention group prohibited from joining insolvency guaranty fund.
40-4109 Policy issued to risk retention group not required to be countersigned.
40-4114 Rules and regulations.
40-4117 Purchase of insurance through surplus lines agent or broker required, when.
40-4118 Federal preemption of commissioner's powers; injunctive authority restricted.
40-4119 Agents and brokers for risk retention groups; licensure.