2019 US Virgin Islands Code
Title 22 - Insurance
Chapter 25 - Fees and Taxes, Annual Statement
§ 602. Annual statement
Universal Citation: V.I. Code tit. 22, § 602 (2019)
- Each insurer now and hereafter doing business in the Virgin Islands must file with the Commissioner on or before March 1st in each year a statement of all insurance business written or contracted for, by the insurer making such statement, in the Virgin Islands during the year ending December 31st next preceding, setting forth:
(1) the amounts of premiums received or contracted for;
(2) the amounts of premiums received as returned premiums;
(3) the amounts paid policyholders as returned premiums;
(4) the amounts paid policyholders as dividends;
(5) the amounts of insurance reinsured in companies, naming them, not authorized to do business in the Virgin Islands and the amount of premiums paid therefor; and
(6) the amount of reinsurance accepted from admitted companies and the premiums received for such reinsurance on risks located in the Virgin Islands, with the names of the companies so reinsuring.
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