2019 US Virgin Islands Code
Title 22 - Insurance
Chapter 9 - Insurers; General Requirements
§ 203. Certificate of authority, qualifications
Universal Citation: V.I. Code tit. 22, § 203 (2019)
- To qualify for and hold a certificate of authority an insurer must —
(1) be a stock or mutual insurer of the same general type as may be formed as a domestic insurer under the provisions of chapter 11 of this title; or be a Lloyd's Insurer;
(2) have capital funds as required by this title, based upon the type and domicile of the insurer and the kinds of insurance proposed to be transacted;
(3) transact or propose to transact in this territory insurances authorized by its charter, and only such insurance as meets the standards and requirements of this title; and
(4) fully comply with, and qualify according to, the other provisions of this title.
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