2019 US Virgin Islands Code
Title 22 - Insurance
Chapter 47 - Title Insurers
§ 1159. Investments
Universal Citation: V.I. Code tit. 22, § 1159 (2019)
- The funds of a domestic title insurer, other than those representing its guaranty fund deposit, shall be invested as follows:
(1) funds in amount not less than its required special reserve shall be kept invested in investments eligible for domestic life insurers;
(2) other funds may be invested in—
(A) the insurer's plant and equipment;
(B) stocks and bonds of abstract companies when approved by the Commissioner; and
(C) investments eligible for investment of funds of any domestic insurer.
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