™Your Policy Risk Impact Agent
49 chapters · 915 sections in this title.
22 V.I.C. § 1000 Consistency of progression of cash surrender values with increasing policy duration
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(a) Any cash surrender value available under the policy in the event of default in a premium payment due on any policy anniversary is in an amount which does not differ by more than two tenths of one percent of either the amount of insurance at the beginning of each of the first …
22 V.I.C. § 1000a Exceptions
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(a) This subchapter does not apply to any of the following:(1) Reinsurance;(2) Group insurance;(3) Pure endowment;(4) Annuity or reversionary annuity contract;(5) A term policy of uniform amount, which provides no guaranteed nonforfeiture or endowment benefits, or renewal thereof…
22 V.I.C. § 1000b Approval by Commissioner
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Notwithstanding the requirements set forth in chapter 33, section 810 of this title or the requirement of any other provision in the laws of the Virgin Islands, any policy, contract or certificate providing life insurance under any plan must be affirmatively approved by the Commi…
22 V.I.C. § 951 Scope of chapter
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The provisions of this chapter apply to contracts of life insurance and annuities other than group life insurance, group annuities, and, except sections 976, 977, 983 and 984 of this title, other than industrial life insurance.
