™Your Policy Risk Impact Agent
49 chapters · 915 sections in this title.
22 V.I.C. § 401 Initial qualifications
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(a) The Commissioner shall not issue a certificate of authority to a domestic mutual insurer unless it has fully qualified therefor under this title, and unless it has met the minimum requirements for the kind of insurance it proposes to transact as provided in this chapter. (b) …
22 V.I.C. § 402 Requirements; kinds of insurance
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(a) When newly organized a domestic mutual insurer may be authorized to transact any one of the kinds of insurance listed in the schedule contained in subsection (b) of this section. (b) When applying for an original certificate of authority the insurer must be otherwise qualifie…
22 V.I.C. § 403 Additional kinds of insurance
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A domestic mutual insurer may be authorized to transact kinds of insurance in addition to that for which it was originally authorized, if it has otherwise complied with the provisions of this title therefor, and while it possesses and maintains surplus funds in aggregate amount n…
22 V.I.C. § 404 Minimum surplus
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(1) A domestic mutual insurer on the cash premium plan shall at all times have and maintain surplus funds, representing the excess of its assets over its liabilities, in amount not less than the aggregate of —(1) the amount of any surplus funds deposited by it with the Commission…
