™Your Policy Risk Impact Agent
49 chapters · 915 sections in this title.
22 V.I.C. § 654 Endorsement of contract
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Every insurance contract procured and delivered as a surplus line coverage pursuant to this chapter shall be initialed by or bear the name of the surplus line broker who procured it and shall have the following language stamped upon it: “This contract is registered and delivered …
22 V.I.C. § 655 Validity of contracts
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Insurance contracts procured as surplus line coverage from unauthorized insurers in accordance with this chapter shall be fully valid and enforceable as to all parties, and shall be given recognition in all matters and respects to the same effect as like contracts issued by autho…
22 V.I.C. § 656 Surplus line brokers; licensing
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(1) Any person deemed by the Commissioner to be competent and trustworthy and while maintaining an office at a designated location in this territory may be licensed as a surplus line broker, as follows:(1) application to the Commissioner for the license shall be made on forms fur…
22 V.I.C. § 657 Broker may accept business
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A licensed surplus line broker may accept and place surplus line business for any insurance agent or broker licensed in this territory for the kind of insurance involved, and may compensate such agent or broker therefor.
