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 or financially impaired condition is enforceable in the courts of this State.
HISTORY: 1988 Act No. 355, Section 1.
Structure South Carolina Code of Laws
Chapter 87 - Regulation And Taxation Of Risk Retention Groups And Purchasing Groups
Section 38-87-20. Definitions.
Section 38-87-70. Purchasing group and insurer subject to all applicable state laws; exceptions.
Section 38-87-100. Premium taxes.
Section 38-87-130. U.S. District Court injunctions enforceable in state courts.