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 hazardous financial or financially impaired condition shall be enforceable in the courts of the state.
Ala. Code § 27-31A-13
Binding Effect of Orders Issued in U.s. District Court.
Known as the Alabama Risk Retention Act
The act spans §§ 27-31A-1 to 27-31A-9 (16 sections).
(Acts 1993, No. 93-674, p. 1226, §13.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.