2019 US Virgin Islands Code
Title 22 - Insurance
Chapter 9 - Insurers; General Requirements
§ 225. Alien reinsurers; limitations
Universal Citation: V.I. Code tit. 22, § 225 (2019)
- No credit shall be allowed to any insurer, as an asset or as a deduction from liability for reinsurance ceded to an alien insurer, other than under a contract of ocean marine insurance, covering a subject of insurance resident, located, or to be performed in this territory unless the alien insurer—
(1) is authorized to transact insurance in a state of the United States; and
(2) maintains an adequate guaranty deposit in a state of the United States for the protection of its insurance obligees in the United States; or
(3) has an attorney in fact resident in the United States upon whom service of legal process may be made.
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.
