Act No. 8642 (34th Legislature) — An Act amending titLe 22 Virgin Islands Code, chapter 10, section 237(a)(3)(A) and title 33 Virgin Islands Code, chapter 111, section 3061 r
ACT NO. 8642 BILL NO. 34-0328 THIRTY-FOURTH LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2022 An Act amending titLe 22 Virgin Islands Code, chapter 10, section 237(a)(3)(A) and title 33 Virgin Islands Code, chapter 111, section 3061 relating to the balance in the Virgin Islands Insurance Guaranty Fund to amend the currently required $40,000,000 amount which is set to increase to $50,000,000 on September 30, 2022 ---0--- Be it enacted by the Legislature ofthe Virgin Islands: SECTION 1. Notwithstanding Act No. 8126, title 22 Virgin Islands Code, chapter 10, section 237, subsection (a), paragraph (3), subparagraph (A) is amended by striking both occurrences of “S40,000,000” and inserting “$50,000,000”. SECTION 2. Title 33 Virgin Islands Code, chapter 111, section 3061 is amended in subsections (d) and (e) by striking “$40,000,000” wherever it appears and replacing it with “$50,000,000”. Thus passed by the Legislature of the Virgin Islands on September 20, 2022. Witness our Hands and Seal of the Legislature of the Virgin Islands this ay of September, AD., 2022. a Genevieve R. …
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