(a) Nothing in this Part shall create or be construed to create any obligation of the Commissioner, the Government of Virgin Islands, or any agency or instrumentality of the Government of Virgin Islands to guarantee for the benefit of any account owner or designated beneficiary with respect to the:(1) return of principal;(2) rate of interest or other return on any account; or(3) payment of interest or other return on any account.
(1) return of principal;
(2) rate of interest or other return on any account; or
(3) payment of interest or other return on any account.
(b) The Commissioner shall adopt rules to provide that every contract, obligation, application, or other similar document that may be used in connection with opening an account clearly indicates that the account is not insured by the Government of Virgin Islands, and that the principal deposited and the investment return are not guaranteed by the Government of Virgin Islands.