2019 US Virgin Islands Code
Title 24 - Labor
Chapter 11 - Workers' Compensation Administration
§ 251d. Appointment of the Fund Administrator and Duties
- The Fund Administrator shall be appointed by the Board of Directors. He shall be responsible for the administrator of the Government Insurance Fund and shall:
(1) protect the solvency of the fund by doing actuarial studies; determine premium rates in keeping with costs of administration and payment of claims under this chapter;
(2) pay claims upon orders issued by the WCA;
(3) plan and improve by electronic means, the speedy payment of claims as provided under this chapter;
(4) maintain accounts of income, expenditures and balances;
(5) report regularly (quarterly, semi-annually or annually) to the Board of Directors upon demand by the board;
(6) manage a staff of employees of the Fund in both districts;
(7) prepare budgets of the Government Insurance Fund;
(8) certify documents;
(9) perform such other duties related to the management of the Government Insurance Fund as provided by this chapter.
