The Division of Banking, Insurance, and Financial Regulation (“Division”), which is a regulatory entity and
The Division of Banking, Insurance, and Financial Regulation (“Division”), which is a regulatory entity and major revenue generator for the Government of the United States Virgin Islands, is under the administration of the Office of the Lieutenant Governor. The Lieutenant Governor, by statute, is, therefore, Chairman of the Virgin Islands Banking Board; Commis- sioner of Insurance; Administrator of the Virgin Islands Uniform Securities Act; Administrator of the Virgin Islands Uniform Unclaimed Property Act; Chairman of the Insurance Advisory Committee; and Administra- tor ex officio of the Virgin Islands State Health Insurance Assistance Program (VI SHIP/Medicare). The Division has a dual responsibility to a) license and regulate banking, insurance, and financial services entities and related service providers that conduct business in the U.S. Virgin Islands and equally, to b) serve as a consumer protection agency. The Division’s regulatory authority is derived from Title 3, Title 9, Title 12A, Title 20, Title 22, and Title 28 of the Virgin Islands Code. …
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The Division of Banking, Insurance, and Financial Regulation (“Division”), which is a regulatory entity and major revenue generator for the Government of the United States Virgin Islands, is under the administration of the Office of the Lieutenant Governor. The Lieutenant Governor, by statute, is, therefore, Chairman of the Virgin Islands Banking Board; Commis- sioner of Insurance; Administrator of the Virgin Islands Uniform Securities Act; Administrator of the Virgin Islands Uniform Unclaimed Property Act; Chairman of the Insurance Advisory Committee; and Administra- tor ex officio of the Virgin Islands State Health Insurance Assistance Program (VI SHIP/Medicare). The Division has a dual responsibility to a) license and regulate banking, insurance, and financial services entities and related service providers that conduct business in the U.S. Virgin Islands and equally, to b) serve as a consumer protection agency. The Division’s regulatory authority is derived from Title 3, Title 9, Title 12A, Title 20, Title 22, and Title 28 of the Virgin Islands Code. The Division regulates banks; mortgage bro- kers, lenders and other finance lenders; small loan companies; securities and security salespersons; interna- tional financial services entities (IFSEs); money transmitters; check cashers and currency exchange services; non-Bank ATMs; insurance companies; insurance producers (formerly known as insurance agents and bro- kers); captive insurance companies; third party administrators; unclaimed and abandoned property; and debt management providers Each year millions of dollars are turned over to the Office of the Lieutenant Governor by businesses who are unable to contact property owners. These funds may be in the form of cash, stocks, bonds, securities, insur- ance benefits, etc. The Division’s unclaimed property website allows you to search the Office’s Unclaimed Property Database to determine if we may be holding unclaimed assets belonging to you or your family or business. Unclaimed assets are reported in the name or Social Security number of the owner(s) along with any owner information (if available). The Office of the Lieutenant Governor will periodically update this database to include new names reported and to remove those which have completed the claim process and have been returned to its rightful owner(s) Claims for unclaimed property held by the US Virgin Islands are processed by the Office of the Lieuten- ant Governor. There is no charge for this service ST. CROIX DISTRICT 1131 KING CROSS STREET, STE. 101 CHRISTIANSTED, USVI 00820 (340) 773-6449 ST. THOMAS / ST. JOHN DISTRICT SUITE 200, NISKY¸ CENTER ST. THOMAS, USVI 00802 (340)774-2991 https://usviclaims.unclaimedproperty.com/en/ CONTACT US OFFICE OF THE LIEUTENANT GOVERNOR DIVISION OF BANKING, INSURANCE AND FINANCIAL REGULATION