™Your Policy Risk Impact Agent
49 chapters · 915 sections in this title.
22 V.I.C. § 201 Domestic, foreign, alien insurers defined
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(1) For the purposes of this title—(1) a “domestic” insurer is one formed under the laws of this territory;(2) a “foreign” insurer is an insurer which is organized under the laws of the United States, or of a state or territory of the United States other than this territory, or o…
22 V.I.C. § 202 Certificate of authority required
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(a) No person shall act as an insurer and no insurer shall transact insurance in this territory other than as authorized by a certificate of authority issued to it by the Commissioner and then in force; except as to such transactions as are expressly otherwise provided for in thi…
22 V.I.C. § 203 Certificate of authority, qualifications
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(1) To qualify for and hold a certificate of authority an insurer must —(1) be a stock or mutual insurer of the same general type as may be formed as a domestic insurer under the provisions of chapter 11 of this title; or be a Lloyd's Insurer;(2) have capital funds as required by…
22 V.I.C. § 204 Charter defined
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“Charter” means articles of incorporation, articles of agreement, articles of association of a corporation, or other basic constituent document of a corporation.
