™Your Policy Risk Impact Agent
49 chapters · 915 sections in this title.
22 V.I.C. § 251 Types of domestic insurers permitted
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(1) An insurer formed in this territory shall be either—(1) an incorporated stock insurer;(2) an incorporated mutual insurer;(3) an incorporated specific risks mutual property insurer;(4) an incorporated mutual assessment property insurer only;(5) an incorporated farm mutual asse…
22 V.I.C. § 252 Assessment mutuals prohibited; exceptions
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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, …
22 V.I.C. § 253 Solicitation permit
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(a) No person forming or proposing to form in this territory an insurer, or insurance holding corporation, or stock corporation to finance an insurer or insurance production therefor, or corporation to manage an insurer, or a syndicate for any of such purposes, shall advertise, o…
22 V.I.C. § 254 Application for solicitation permit
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(a) To apply for a solicitation permit the applicant shall file with the Commissioner a request therefor showing—(1) name, type, and purpose of insurer, corporation or syndicate proposed to be formed;(2) names, addresses, and business records of each person associated or to be as…
