375.1105. Hazardous financial condition of group, prohibited from selling insurance, when--director may establish rules.
Hazardous financial condition of group, prohibited from sellinginsurance, when--director may establish rules.
375.1105. 1. An order issued by any district court of theUnited States enjoining a risk retention group from soliciting orselling insurance, or operating in any state, or in all states orin any territory or possession of the United States, upon afinding that such a group is in hazardous financial orfinancially impaired condition shall be enforceable in the courtsof the state.
2. The director may establish and from time to time amendsuch rules relating to risk retention groups as may be necessaryor desirable to carry out the provisions of sections 375.1080 to375.1105.
(L. 1991 H.B. 385, et al. § 35)