§ 3906. Injunctive orders issued by United States district courts

Statutory text

Any district court of the United States may issue an order 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 of such court that such group is in hazardous financial condition. Such order shall be binding on such group, its officers, agents, and employees, and on any other person acting in active concert with any such officer, agent, or employee, if such other person has actual notice of such order.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1986
Product Liability Risk Retention Act of 1981
Pub. L. 97–45 § 7 · 95 Stat. 949
Enacted · 15 U.S.C. § 3906
(Pub. L. 97–45, § 7, as added Pub. L. 99–563, § 9, Oct. 27, 1986, 100 Stat. 3176.)
Source evidence
Code source credit
(Pub. L. 97–45, § 7, as added Pub. L. 99–563, § 9, Oct. 27, 1986, 100 Stat. 3176.)
Enacted provision · exact public law section
(7) require that any insurance policy issued to a purchasing group or any members of the group be countersigned by an insurance agent or broker residing in that State; or

1 of 1 references resolved to an enrolled provision

Credits

(Pub. L. 97–45, § 7, as added Pub. L. 99–563, § 9, Oct. 27, 1986, 100 Stat. 3176.)