VI Legislature Division of Post Audit: Bill 36-0219- Producer and License Adjuster Post Audit Analysis
` Legislature of the Virgin Islands P.O. Box 1690, Emancipation Garden Station St. Thomas, U.S. Virgin Islands 00804 ——○—— POST AUDIT DIVISION January 15, 2026 MEMORANDUM TO: Honorable Novelle E. Francis, Jr. Chairperson, Committee on Budget, Appropriations and Finance 36th Legislature of the Virgin Islands FROM: Post Audit Division SUBJECT: Bill No. 36-0219 - An Act amending Title 22 Virgin Islands Code, Chapter 31, relating to the Virgin Islands Producer and Adjuster Licensing Act by modifying renewal provisions for insurance producer licenses BACKGROUND AND HISTORY An insurance producer license authorizes an individual to sell, solicit, or negotiate insurance policies, while an adjuster license allows an individual to investigate claims, determine liability, and settle losses. The key difference between the two roles is that producers focus on selling policies, whereas adjusters assess and resolve claims. …
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