ยง 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.
Structure New York Laws
Article 59 - Risk Retention Groups and Purchasing Groups
5903 - Domestic Risk Retention Groups.
5904 - Risk Retention Groups Not Chartered in This State.
5905 - Risk Retention Groups; Notice, Prohibited Solicitation, Coverage and Ownership.
5906 - Security Funds and Compulsory Associations.
5907 - Purchasing Groups; Exemption From Certain Laws.
5908 - Notice and Registration Requirements of Purchasing Groups.
5909 - Restrictions on Insurance Obtained by Purchasing Groups.
5911 - Insurance Agents, Insurance Brokers and Excess Line Brokers.
5912 - Binding Effect of Orders Issued in United States District Court.