Act No. 7569 — An Act amending Title 22 to add Chapter 4 creating the Division of Alternative Markets and International Reinsurance within the Office of th
ACT NO, 7569 BILL NO. 30-0049 THIRTIETH LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2013 An Act amending Title 22 to add Chapter 4 creating the Division of Alternative Markets and International Reinsurance within the Office of the Lieutenant Governor; repealing Act No. 7025; and by amending Title 22 to add Chapter 55 to enact the “Virgin Islands International Insurers Act.” ---0--- Be it enacted by the Legislature of the Virgin Islands: SECTION 1. Title 22 is amended by adding Chapter 4 entitled the “Division of Alternative Markets and International Reinsurance.” SECTION 2. Title 22, Chapter 4 is amended by adding the following subsections: §70.Creation of Division of Alternative Markets and International Reinsurance There is established within the Office of the Lieutenant Governor, the Division of Alternative Markets and International Reinsurance, which will be supervised by the Superintendent of Alternative Markets (“the SAM”). The Commissioner of Insurance, with the advice and consent of the Governor, shall appoint the SAM and determine the SAM’s compensation. …
Download the original document · Browse the archive · How this archive works
Archive identifier LF-96b1adeb938b