2019 US Virgin Islands Code
Title 22 - Insurance
Chapter 51 - Mergers, Rehabilitation, Liquidation
§ 1258. Conservation of assets—Foreign insurers
Universal Citation: V.I. Code tit. 22, § 1258 (2019)
- The Commissioner may apply to the District Court for an order directing him to conserve the assets within this territory of a foreign insurer upon any one or more of the following grounds:
(1) upon any of the grounds specified in paragraphs (1) to (9), inclusive, of section 1253 of this title and in paragraph (2) of section 1255 of this title;
(2) that its property has been sequestrated in its domiciliary sovereignty or in any other sovereignty.
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