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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.)