Act No. 8714 (35th Legislature) — An Act amending title 22 Virgin Islands Code relating to insurers becoming members of a Federal Home Loan Bank and matters relating thereto
ACTNO. 8714 BILL NO. 35-0026 THIRTY-FIFTH LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2023 An Act amending title 22 Virgin Islands Code relating to insurers becoming members of a Federal Home Loan Bank and matters relating thereto aa--Qe== Be it enacted by the Legislature of the Virgin Islands: SECTION 1. Title 22 Virgin Islands Code is amended in the following instances: (a) Inchapter 1, add section 6a. to read as follows: “§ 6a. Federal Home Loan Bank and Insurer-member defined (a) “Federal Home Loan Bank,” when used in this title means an institution chartered under the Federal Home Loan Bank Act of 1932, 12 U.S.C. §§ 1421, et seq. (the “Federal Home Loan Bank Act”). (b) “Insurer-member” when used in this title means an Insurer that is a member of a Federal Home Loan Bank.” (b) In chapter 9, add section 230c. that reads as follows: “§ 230c. …
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