™Your Policy Risk Impact Agent
49 chapters · 915 sections in this title.
22 V.I.C. § 51 Insurance Commissioner
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(a) As used throughout this title, “Commissioner” means the Lieutenant Governor of the Virgin Islands serving as the Commissioner of Insurance and “Division” means the Division of Banking, Insurance and Financial Regulation. (b) Commissioner of Insurance, the Division as establis…
22 V.I.C. § 52 Bonding of Commissioner
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The Commissioner shall be bonded, with a good and sufficient surety, to be approved by the Governor, in an amount not less than $5,000 conditioned that he faithfully account for and dispose of any funds received into his custody or control as Commissioner, in accordance with appl…
22 V.I.C. § 53 General powers and duties
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(a) The Commissioner shall have the authority expressly conferred upon him by or reasonably implied from the provisions of this title. (b) The Commissioner shall execute his duties and shall enforce the provisions of this title. (c) The Commissioner may—(1) adopt regulations and …
22 V.I.C. § 53a Review of rates
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(a) The Commissioner may review any health property or casualty insurance rate to determine if there is an actuarial basis for it and if it is supported by actual and credible loss and expense statistics or, if new coverage, by reasonable projections of losses and expenses. Pre-a…
