Virgin IslandsBill No. 36-021936th Legislature of the Virgin Islands (2025-2026)legislatureWALLET

An act amending title 22 Virgin Islands Code, chapter 31 relating to the Virgin Islands Producer and Adjuster Licensing Act by modifying renewal provisions

Sponsored By: Sponsor information unavailable

Signed by Governor

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 2 benefits, 1 costs, 1 mixed.

Renewal deadline tied to renewal date

The filing deadline changes from January 15 to 15 days after your renewal date. This applies to filings under section 763(d), including some nonresident producers. Your deadline now moves with your own renewal schedule.

Two-year renewals for individual producers

Beginning October 1, 2026, individual insurance producer licenses renew every two years. Your license expires on the last day of your birth month in the second year after it was issued or last renewed. This applies to both resident and nonresident individuals.

Training proof required to renew

You cannot renew your insurance producer license unless you submit proof you met the required continuing education. You must provide this proof when you apply to renew.

Annual renewals for producer businesses

If your business holds a Virgin Islands insurance producer license, it lasts one year. It expires on December 31 each year. This sets a single annual renewal date for producer businesses, including nonresident entities.

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Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Enacted

    3/26/2026legislature
  2. To Governor

    3/20/2026legislature
  3. Floor

    3/18/2026legislature
  4. Introduced

    1/12/2026legislature

Bill Text

  • Enacted Act

    3/26/2026

  • Governor's Message

    3/26/2026

  • Bill Text

    1/12/2026

Related Bills

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