Title 22 — Insurance

49 chapters · 1,014 sections in this title.

1,014 sectionsFiltered byTitle 22

22 V.I.C. § 1306 Examination of societies; payment of expenses of
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(a) The Commissioner, or his deputy or examiner may visit and examine into the affairs of any domestic or foreign mutual benefit society. He may employ assistants for the purpose of such examination, and he or his deputy, or examiner, shall have free access to all the books, pape…
22 V.I.C. § 1307 Failure to comply with law; receivership
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Whenever after examination the Commissioner is satisfied that any society has failed to comply with any provisions of this chapter, or is exceeding its powers, or is not carrying out its contracts in good faith, or is transacting business fraudulently, the Commissioner may presen…
22 V.I.C. § 1308 Bonding of officers; condition of bond; penalty for failure to bond
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(a) Every nonprofit benefit society shall furnish for every officer, agent or person having custody of the principal funds of the association, a good and sufficient fidelity bond for the benefit of the association and its members, and file the same with the Commissioner who is he…
22 V.I.C. § 1309 Investment of funds
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All investments and deposits of any nonprofit benefit society shall be made in the name of the society. It shall invest its funds in securities permitted by the laws of the Virgin Islands for the investments of the assets of insurance companies, and at all times shall have on han…
22 V.I.C. § 1310 Medical examination of members
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Any nonprofit benefit society may admit to beneficial membership any person not less than 18 and not more than 65 years of age, who has been examined by a legally qualified practicing physician, and no person shall be admitted to membership until a certificate duly executed by su…
22 V.I.C. § 1311 Penalty for violation of chapter
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Any person who acts within the Virgin Islands as an officer, agent, or otherwise, for any society or association which shall have failed, neglected or refused to comply with, or shall have violated, any of the provisions of this chapter or shall have failed or neglected to procur…
22 V.I.C. § 1312 Short title [Repealed]
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22 V.I.C. § 1312 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1313 Interpretation [Repealed]
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22 V.I.C. § 1313 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1314 Definitions [Repealed]
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22 V.I.C. § 1314 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1315 Creation of alternative markets and international reinsurance section [Repealed]
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22 V.I.C. § 1315 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1316 Authority of the SAM [Repealed]
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22 V.I.C. § 1316 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1317 Registers [Repealed]
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22 V.I.C. § 1317 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1318 Public information and confidential information [Repealed]
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22 V.I.C. § 1318 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1319 Revolving fund established [Repealed]
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22 V.I.C. § 1319 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1320 License fees [Repealed]
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22 V.I.C. § 1320 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1321 Licensing; required information and documentation; fee; renewal [Repealed]
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22 V.I.C. § 1321 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1322 Conditions of all licenses [Repealed]
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22 V.I.C. § 1322 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1323 Captive reinsurance companies [Repealed]
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22 V.I.C. § 1323 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1324 Adoption of name [Repealed]
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22 V.I.C. § 1324 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1325 Capitalization requirements; security requirements for branch captive insurance companies; restriction on payment of dividends [Repealed]
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22 V.I.C. § 1325 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1326 Minimum capitalization or reserves [Repealed]
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22 V.I.C. § 1326 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1327 Minimum margin of solvency [Repealed]
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22 V.I.C. § 1327 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1328 Restriction on payment of dividends; liability [Repealed]
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22 V.I.C. § 1328 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1329 Incorporation of a captive reinsurance company [Repealed]
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22 V.I.C. § 1329 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1329a Segregation of accounts [Repealed]
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22 V.I.C. § 1329a Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1330 Incorporation options and requirements [Repealed]
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22 V.I.C. § 1330 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1331 Reports [Repealed]
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22 V.I.C. § 1331 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1332 Discounting of loss and loss adjustment expense reserves [Repealed]
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22 V.I.C. § 1332 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1333 Inspections and examinations; confidentiality of reports; limitations applicable to branch captive insurance companies; application of general provisions [Repealed]
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22 V.I.C. § 1333 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1334 Suspension or revocation of license [Repealed]
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22 V.I.C. § 1334 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1335 Applicability of investment requirements; loans [Repealed]
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22 V.I.C. § 1335 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1336 Reinsurance; effect on reserves [Repealed]
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22 V.I.C. § 1336 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1337 No requirement to join ratings organization [Repealed]
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22 V.I.C. § 1337 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1338 Participation in plan, pool, association, or guaranty or insolvency fund [Repealed]
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22 V.I.C. § 1338 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1339 Premium tax payment; rates [Repealed]
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22 V.I.C. § 1339 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1340 Annual captive reinsurance tax [Repealed]
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22 V.I.C. § 1340 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1341 Rules, regulations, and orders [Repealed]
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22 V.I.C. § 1341 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1342 Applicability of provisions relating to insurance reorganizations, receiverships, and injunctions; sponsored captive insurance company assets and capital provisions [Repealed]
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22 V.I.C. § 1342 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1343 [Reserved.] [Repealed]
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22 V.I.C. § 1343 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1344 [Reserved.] [Repealed]
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22 V.I.C. § 1344 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1345 [Reserved.] [Repealed]
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22 V.I.C. § 1345 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1346 Formation of captive insurance company; establishing protected cells [Repealed]
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22 V.I.C. § 1346 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1347 [Reserved.] [Repealed]
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22 V.I.C. § 1347 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1348 Participants in protected cell insurance companies [Repealed]
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22 V.I.C. § 1348 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1349 Terms and conditions for protected cell insurance companies; exception [Repealed]
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22 V.I.C. § 1349 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1350 [Reserved.] [Repealed]
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22 V.I.C. § 1350 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1351 Repealed. Jan. 27, 2010, No. 7147, § 3, Sess. L. 2009, p. 406
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22 V.I.C. § 1351 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1352 Repealed. Jan. 27, 2010, No. 7147, § 3, Sess. L. 2009, p. 406
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22 V.I.C. § 1352 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1353 Repealed. Jan. 27, 2010, No. 7147, § 3, Sess. L. 2009, p. 406
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22 V.I.C. § 1353 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.
22 V.I.C. § 1354 Repealed. Jan. 27, 2010, No. 7147, § 3, Sess. L. 2009, p. 406
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22 V.I.C. § 1354 Statutes current through Act 9046 of the 2025 session of the 36th Legislature, including all code changes through October 25, 2025 Virgin Islands Code AnnotatedCopyright © 2026 All rights reserved.