PocketLaw | US Virgin Islands Code | Virgin Islands International

Virgin Islands International Insurers Act

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Short title

Definitions

Applicability of other laws

Licensing authority; residency requirements

Application fee; annual license fee

Minimum capital; letter of credit

Minimum surplus; letter of credit

Permissible investments; valuation

Segregation of accounts

Formation of International Insurance Companies in the Virgin Islands

Formation of Branch Captive Insurance Companies in the Virgin Islands

Financial reporting

Examinations and investigations

Grounds and procedures for suspension or revocation of license

Reinsurance

International insurer support business

Tax rates and benefits applicable to any International Insurance Company

Confidentiality

Kinds of insurance authorized

Rules and regulations

Penalties

[Reserved]

[Reserved]

Preservation of right