Act No. 9073
ACT NO.9 07 3 BILL NO. 36-0184 THIRTY-SIXTH LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2026 Anact amending title 22 Virgin Islands Code, chapter 14, The Virgin Islands Insurance Holding Company System Regulatory Act to implement revisions that were made to the National Association of Insurance Commissioners ---0--- WHEREAS, it is imperative that all United States jurisdictions, including the Virgin Islands, periodically update their insurance laws commensurate with the ever-evolving insurance industry to strengthen the solvency regulation of insurance companies doing business in the United States; and WHEREAS, the National Association of Insurance Commissioners (“NAIC”) is a nonprofit organization comprised of all insurance regulators in the United States, has established and continues to establish core accreditation standards and a comprehensive set of laws, known as Model Laws and Regulations, to assist United States jurisdictions in their regulation of their multi-state domestic insurance industry; WHEREAS, jurisdictions in the United States that are accredited by the NAIC …
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