Statute · New York Insurance Law
N.Y. Ins. Law § 5912 — Binding effect of orders issued in United States district court
N.Y. Ins. Law § 5912
- Type
- Statute
- Source
- New York Insurance Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. Ins. Law § 5912 — Binding effect of orders issued in United States district court is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.