Act No. 7147 (28th Legislature) — An Act amending title 22 Virgin Islands Code, to add chapter 66 to enacting the Alternative Markets Act, to facilitate asset-backed securiti
ACTNO. 7147 BILL NO. 28-0183 TWENTY-EIGHT LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2009 An Act amending title 22 Virgin Islands Code, to add chapter 66 to enacting the Alternative Markets Act, to facilitate asset-backed securities transactions, to provide for special purpose financial captives, and for related purposes ---0--- Be it enacted by the Legislature of the Virgin Islands: SECTION 1. Title 22 Virgin Islands Code, is amended to add Chapter 66, to read as follows: “Chapter 66 Subchapter I. The Alternative Market Act § 6601. Definitions (a) As used in this chapter, unless the context requires otherwise: (1) "Actuary" means a person qualified as an actuary by examination of the Institute of Actuaries in England or the Faculty of Actuaries in Scotland Casualty Actuarial Society, or the Society of Actuaries in the United States of American or Canada. …
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