2019 US Virgin Islands Code
Title 22 - Insurance
Chapter 47 - Title Insurers
§ 1156. Purpose of deposit
Universal Citation: V.I. Code tit. 22, § 1156 (2019)
(a) The securities comprising the guaranty fund deposit shall be held by the Commissioner of Finance as a special guaranty fund securing the faithful performance by the insurer of all its undertakings and liabilities as to any title guaranteed or insured by it.
(b) Such deposit shall not be subject to any other liabilities of the insurer until after all its liabilities named in subsection (a) of this section have been discharged.
Disclaimer: These codes may not be the most recent version. US Virgin Islands may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
