2019 US Virgin Islands Code
Title 22 - Insurance
Chapter 27 - Unauthorized Insurers
§ 664. Revocation of broker's license

Universal Citation: V.I. Code tit. 22, § 664 (2019)
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  • (a) The Commissioner shall revoke any surplus line broker's license if the broker fails to file his annual statement or to remit the tax as required by this chapter; or if the broker fails to maintain an office in this territory, or to keep the records, or to allow the Commissioner to examine his records as required by this chapter; or for any of the causes for which a general broker's license may be revoked.

  • (b) The Commissioner may suspend or revoke any such license whenever he deems suspension or revocation to be for the best interests of the people of this territory.

  • (c) The procedures provided by this title for the suspension or revocation of general brokers' licenses shall be applicable to suspension or revocation of a surplus line broker's license.

  • (d) No broker whose license has been so revoked or suspended shall again be so licensed within one year thereafter, nor until any fines or delinquent taxes owing by him have been paid.

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