Search
 

RRG Fights Off Cease-And-Desist Order In First Round Of States' Rights Lawsuit

The question of whether a nonchartering state has the authority to issue a unilateral cease-and-desist order against a risk retention group licensed by another state was recently answered by the

By Karen Cutts | Updated on April 27, 2008

The question of whether a nonchartering state has the authority to issue a unilateral cease-and-desist order against a risk retention group licensed by another state was recently answered by the California U.S. District Court.

The U.S. District Court, Eastern District of California, ruled on March 7, enjoining California’s insurance commissioner from taking any action to enforce its cease-and-desist order issued against a Montana-domiciled risk retention group, and from issuing any other orders or decrees concerning the RRG in question.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.