No individual shall be disqualified to be a director of a domestic mutual insurer by reason of his holding public office. Adjudication as a bankrupt or taking the benefit of any insolvency law or making a general assignment for the benefit of creditors disqualifies an individual from being or acting as a director.
Directors; disqualification
22 V.I.C. § 410 — under Domestic Mutual Insurers.
22 V.I.C. § 410