Act No. 8345 (33rd Legislature) — An Act amending Virgin Islands Code, Title 22, chapter 10, section 237(a)(3) (a) and Title 33, chapter 111, section 3061 relating to the bal
ACTNO. 8345 BILL NO. 33-0391 THIRTY-THIRD LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2020 An Act amending Virgin Islands Code, Title 22, chapter 10, section 237(a)(3) (a) and Title 33, chapter 111, section 3061 relating to the balance in the Insurance Guaranty Fund to amend the currently required $20,000,000 amount which is set to increase to $50,000,000 on September 30, 2020 to $30,000,000 ---0--- Be it enacted by the Legislature of the 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 "$20,000,000" and inserting "$30,000,000". SECTION 2. Title 33 Virgin Islands Code, chapter 111, section 3061 is amended in subsections (d) and (e) by striking "$20,000,000" wherever it appears and replacing it with "$30,000,000". SECTION 3. The provision set forth in Section 2 expire on September 30, 2022. Thus passed by the Legislature of the Virgin Islands on September 29, 2020. …
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