General Provisions

  1. Law
  2. US Virgin Islands Code
  3. Insurance
  4. Assets and Liabilities
  5. General Provisions

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Section
501

Assets defined

Section
502

Nonallowable assets

Section
503

Liabilities

Section
504

Unearned premium reserve, property, casualty, disability and surety insurance

Section
505

Unearned premium reserve, marine and transportation insurance

Section
506

Noncancellable disability insurance reserve

Section
507

Loss records

Section
508

Increased reserves

Section
509

Loss reserves, liability insurance

Section
510

Unallocated liability loss expense

Section
511

Schedule of experience

Section
512

Loss payments, loss expense defined

Section
513

Standard valuation law; life insurance

Section
514

Reserve credit for reinsurance

Section
515

Valuation of bonds

Section
516

Valuation of securities

Section
517

Valuation of property

Section
518

Valuation of purchase money mortgages

Section
519

Standards for determining whether insurer is in hazardous financial condition

Section
520

Commissioner’s additional authority to take corrective action

Section
521

Review and appeal of Commissioner’s order