Act No. 7965 — An Act amending title 22 Virgin Islands Code adding chapter 60 to enact The Virgin Islands Third Party Administrators Act, updating the insu
ACTNO, 7969 BILL NO. 31-0446 THIRTY-FIRST LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2016 An Act amending title 22 Virgin Islands Code adding chapter 60 to enact The Virgin Islands Third Party Administrators Act, updating the insurance laws of the Virgin Islands to reflect the licensing requirements contained in the model laws of the National Association of Insurance Commisstoners anQ--- WHEREAS, title 22 of the Virgin Islands Code governs all insurance and insurance transactions occurring in the Virgin Islands or affecting subjects located wholly or in part to be performed within the Virgin Islands and all persons having to do therewith; and WHEREAS, third party administrators are engaged in the business of insurance administration within certain limitations and under the authority set forth in the appropriate statutory provisions; and WHEREAS, there is currently no Virgin Islands law governing the licensure and regulation of third party administrators in the Territory; and WHEREAS, insurance is an ever-evolving industry; and WHEREAS. …
Download the original document · Browse the archive · How this archive works
Archive identifier LF-1d8006a4e8d4