2019 US Virgin Islands Code
Title 24 - Labor
Chapter 11 - Workers' Compensation Administration
§ 273. Reports by employer, payment of premiums

Universal Citation: V.I. Code tit. 24, § 273 (2019)
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  • (a) Every employer affected by this chapter shall file with the Commissioner of Finance not later than February 28th of each year on forms supplied by the Commissioner of Finance, an actual report for the previous year and an estimated report for the current year, showing the number of workmen employed by said employer, the kind of occupation or industry of the workmen, the total amount of wages paid and to be paid and the amount of premium payable.

  • (b) The premium prescribed by this chapter shall be computed and paid on the first $8,424 of each worker's wages for each year.

  • (c) The annual premium prescribed by this chapter may be paid in two installments. The first installment, which is payable on or before March 31st, shall consist of one-half or more of the annual premium plus any additional premium due. The remaining portion of the premium shall be paid on or before June 30th.

  • (d) On receipt of payment, the Commissioner of Finance shall forward to the employer a receipt which shall be prima facie evidence of said payment of the premium and insurance coverage.

  • (e) The Commissioner of Finance shall collect such premiums, interest, and penalties provided for in this chapter and shall deposit them in the Government Insurance Fund established by this chapter.

  • (f) Prior to January 1 of each year, notices requesting compliance with this section shall be published at least once a week for four weeks in a newspaper of general circulation in the Virgin Islands and the forms to be filed by the employers shall be mailed to every employer currently insured.

  • (g) Should an employer fail to pay the total amount of the preliminary or additional premiums legally levied on him within the time fixed by the Commissioner of Finance, the latter may grant an extension of thirty (30) days so that the employer may make payment in full, which shall be an indispensable requirement for the Administrator to make an insurance policy.

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