Annual statement

1. Law
2. US Virgin Islands Code
3. Insurance
4. Fees and Taxes, Annual Statement
5. Annual statement

• Each insurer now and hereafter doing business in the Virgin Islands must file with the Commissioner on or before March 1st in each year a statement of all insurance business written or contracted for, by the insurer making such statement, in the Virgin Islands during the year ending December 31st next preceding, setting forth:

  • (1) the amounts of premiums received or contracted for;

  • (2) the amounts of premiums received as returned premiums;

  • (3) the amounts paid policyholders as returned premiums;

  • (4) the amounts paid policyholders as dividends;

  • (5) the amounts of insurance reinsured in companies, naming them, not authorized to do business in the Virgin Islands and the amount of premiums paid therefor; and

  • (6) the amount of reinsurance accepted from admitted companies and the premiums received for such reinsurance on risks located in the Virgin Islands, with the names of the companies so reinsuring.

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