Definitions

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  • As used in this title, unless the context requires another meaning:
    • (a) “Commissioner” means the Commissioner of Insurance of the Virgin Islands, his deputies, or the Division of Banking, Insurance and Financial Regulation, as appropriate.

    • (b) “Company” means any person engaging in, or proposing or attempting to engage in, any transaction or kind of insurance or surety business and any person or group of persons who may otherwise be subject to the administrative, regulatory or taxing authority of the Commissioner.

    • (c) “Division” means the Division of Banking, Insurance and Financial Regulation.

    • (d) “Examiner” means any individual or firm having been authorized by the Commissioner to conduct an examination under this chapter.

    • (e) “Insurer” means a corporation or association which is engaged as a principal in the business of making contracts of insurance, but shall not include an insurance broker acting as a broker.

    • (f) “Person” means any individual, aggregation of individuals, trust associations, partnerships, corporations, agents, brokers, solicitors, adjusters, or any affiliate thereof.


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