Act No. 8076 (32nd Legislature) — An Act amending chapter 43 of title 22 of the Virgin Islands Code adding a subchapter II enacting the Property and Casualty Actuarial Opinio
ACT NO 8076 BILL NO. 32-0234 THIRTY-SECOND LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2018 An Act amending chapter 43 of title 22 of the Virgin Islands Code adding a subchapter II enacting the Property and Casualty Actuarial Opinion Act to meet the accreditation standards established by the National Association of Insurance Commissioners in its model laws to update the insurance laws of the Territory aneQeee WHEREAS, the Jaws governing the insurance industry in the Virgin Islands are outdated, as many of the laws were enacted in 1968 and have not been updated; and WHEREAS, the laws governing the insurance in the Territory do not grant to the Commissioner of Insurance of the Virgin Islands all the necessary authority to effectively regulate the solvency of the multi-state domestic industry in the Territory; and WHEREAS, afl other United States jurisdictions have periodically updated their insurance laws commensurate with the ever-evolving insurance industry; and WHEREAS, the NAIC has established core accreditation standards and a comprehensive set of laws, known as the Model La …
Download the original document · Browse the archive · How this archive works
Archive identifier LF-94f64fe02343