Except for mutual assessment property insurers and farm mutual assessment property insurers, no insurer shall be formed or be authorized in this territory to issue contracts of insurance the performance of which is contingent upon the payment of assessments, assessment premiums, or calls made upon its members.
Assessment mutuals prohibited; exceptions
22 V.I.C. § 252 — under Organization of Domestic Insurers.
22 V.I.C. § 252