PocketLaw | US Virgin Islands Code | Reciprocal or Interinsurance

Reciprocal or Interinsurance Contracts

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Exchange of contracts authorized; law exclusive

Attorney in fact; exchange

Declaration to be filed by attorney in fact

Instrument authorizing service of process on Commissioner of Insurance to be filed; service fee

Reinsurance reserve; surplus; claim or loss reserve

General deposit with Commissioner

Report of financial condition to Commissioner; examination of records, affairs and financial condition

Power to exchange contracts; insurance of trust property

Misdemeanor; solicitation of powers of attorney and applications for insurance contracts; injunction; appointment of receiver

Certificate of Authority

Authority of attorney to insert in policy provisions or conditions

Fees and taxes

Application of law as to appointment, licensing and regulation of insurance agents and solicitors