Commonwealth Rules of Civil Procedure 65.
An injunction may be granted (a) when it appears that the plaintiff is entitled to the relief demanded, where such relief consists of restraining an act temporarily or permanently, (b) when it appears that an act occurring during litigation would produce injury to a party, ( c) when it appears that a party is doing or is about to do some act to render judgment ineffectual, (d) where money damages would not provide adequate relief, (e) where it would be extremely difficult to ascertain the amount of compensation, (f) where it is necessary to prevent multiplicity of judicial proceedings, (g) where the obligation arises from a trust, or (h) to retain or recover real property when the applicant was in possession.
Procedure - a temporary restraining order (TRO) may be granted without notice to an adverse party if it appears that immediate and irreparable injury, loss or damage will result before notice can be served and a hearing held. The order lasts for ten days, unless extended another ten days for good cause. A motion for a preliminary injunction must be heard at the earliest possible time. The party who obtained the TRO has the burden to proceed with the injunction; if the party does not, the court will dissolve the TRO.
INSURANCE : 4 C.M.C. 7101
General Supervision - The Insurance Commissioner shall be the Director of Banking. The Commissioner has broad supervisor powers in insurance matters.
Policies - Classes of insurance include disability insurance, general casualty insurance, life insurance, marine insurance, offshore surety insurance, property insurance, surety insurance, vehicle insurance, and such other classes as may be authorized by law.
Qualifications - To hold a certificate of authority, an insurer must be a stock, mutual or reciprocal insurer of the same general type as may be required by law; have capital funds as required by law based upon the type and domicile of the insurer and classes of insurance that the insurer is authorized to transact in its domicile; transact insurance that are among those authorized by its charter and only such insurance as meets the standards and requirements of this division, have appointed a general agent who is qualified by statute (4 C.M.C. 7303); and fully comply with the provisions of this division or rules and regulations promulgated thereto.
Capitalization - Every domestic insurer shall have a minimum paid-in capital of $25,000 for any one class of insurance. For each additional classes, except for life insurance, there shall be an additional paid-in capital of $15,000.00. Any insurer having a paid-in capital of $100,000 may transact any or all classes of insurance authorized, except life insurance. Every life insurer must have a minimum paid-in capital of $100,000 in addition to the minimum paid-in capital required for other classes of insurance. Minimum reserves must be kept in a Commonwealth bank or other financial institution. It is a misdemeanor to violate this law, punishable by a fine up to $1,000 for a corporation and $500 fine for individuals and/or up to six months in jail.
Discrimination - A company cannot unfairly discriminate between individuals of the same class and equal expectation of life in the rates charged for any contract of life insurance.
Foreign Insurers - The same rules apply to foreign insurers. In addition, the insurer must appoint a licensed resident general agent with the power of attorney of the insurer authorizing him to appoint subagents and solicitors for the insurer. The resident must also file his consent with the Commissioner to accept service of process. The foreign insurer shall file annual financial statements each year.
Rebates - Rebates of premiums are prohibited to induce the sale of a policy.
Liquidation: 4 C.M.C. 7401.
The Commonwealth has adopted the Uniform Insurers Liquidation Act.