PocketLaw | US Virgin Islands Code | Organization of Domestic Insurers

Organization of Domestic Insurers

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Types of domestic insurers permitted

Assessment mutuals prohibited; exceptions

Solicitation permit

Application for solicitation permit

Procedure upon application

Issuance of permit, bond

Duration of permit; contents

Permit as inducement

Solicitation by individuals

Modification, revocation of permit

Bond; cash deposit

Escrow of funds

Liability of organizers; organization expense

Payment for subscriptions, forfeiture

Mutual insurers, insurance applications

Procedure on failure to complete organization or to qualify

Subsequent financing

Incorporation; articles of; contents