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 the group is in a hazardous financial or financially impaired condition, shall be enforceable in the courts of the state.

NOTES:

Severability—Implementation—1993 c 462: See RCW 48.31B.901 and 48.31B.902.

Terms Used In Washington Code 48.92.130

  • Insurance: means primary insurance, excess insurance, reinsurance, surplus lines insurance, and any other arrangement for shifting and distributing risk which is determined to be insurance under the laws of this state. See Washington Code 48.92.020
  • Risk retention group: means any corporation or other limited liability association:
Washington Code 48.92.020
  • State: means any state of the United States or the District of Columbia. See Washington Code 48.92.020
    •   Previous section
    Next section  
     Chapter 48.92 Contents