§ 6061. 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, shall be enforceable in the courts of this State, upon a finding that such a group is in hazardous financial or financially impaired condition. (Added 1991, No. 249 (Adj. Sess.), § 23, eff. Dec. 31, 1992.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 142 - Risk Retention Groups and Purchasing Groups
§ 6052. Risk retention groups chartered in this State
§ 6053. Risk retention groups not chartered in this State
§ 6054. Compulsory associations
§ 6055. Purchasing groups; Exemption from certain laws
§ 6056. Notice and registration requirements of purchasing groups
§ 6057. Restrictions on insurance purchased by purchasing groups
§ 6058. Purchasing group taxation
§ 6060. Duties of agent or brokers to obtain license
§ 6061. Binding effect of orders issued in United States District Court