§6061. Binding effect of orders issued in United States District Court

Link to law: http://legislature.vermont.gov/statutes/section/08/142/06061
Published: 2015

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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

142

:
RISK RETENTION GROUPS AND PURCHASING GROUPS











 

§

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.)