™Your Policy Risk Impact Agent
49 chapters · 915 sections in this title.
22 V.I.C. § 451 Kinds of insurance; capital and surplus requirements
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(a) Domestic stock insurers may transact different kinds of insurance in the territory upon qualifying therefor and by having paid-in capital and surplus represented by assets, as follows: MinimumcapitalrequiredMinimumsurplusinitiallyrequired(1) Life insurance$1,000,000500,000(2)…
22 V.I.C. § 452 Life insurance defined
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“Life insurance” is insurance on human lives and insurances appertaining thereto or connected therewith. For the purposes of this title the transacting of life insurance includes the granting of annuities and endowment benefits; additional benefits in event of death by accident; …
22 V.I.C. § 453 Disability insurance defined
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“Disability insurance” is insurance against bodily injury, disablement or death by accident, against disablement resulting from sickness, and every insurance appertaining thereto.
22 V.I.C. § 454 Property insurance defined
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“Property insurance” is insurance against loss of or damage to real or personal property of every kind and any interest therein, from any or all hazard or cause, and against loss consequential upon such loss or damage.
