, 1959-12-04
LEGISLATIVE RECORD Continued

LEGISLATIVE hEGUHD WOaLnued
Continued from yesterday
SECTION 7O6. Chapter not 10 affect other policies:
l) This chapter shall not be held to apply to or af-
feet policies Of automobile insurance against liability
which may now or hereafter be required by any other law
81 this Territory, and such policies, if they contain an
agreement or are endorsed to conform with the require
quirements Of this chapter, may be certified as proof q
satisfactory liability insurance under this chapter.
(b) This CHAPTER shall not be held to apply or affect
policies insuring solely the insured named in the policy
against liability resulting from the maintenance or use BY
persons in the insuTed's employ or on his behalf OF vehi-
cles not owned by the insured
SECTION 7O7. CertiHcate Of insurance = proof:
Proof Of coverage by satisfactory liability insurance may
be furnished by filing with the Commissioner OF Pubic
Safety written certificate of any insurance carrier duly
authorized to do business in, the Virgin Islands certifying
that there is in effect a motor-vehicle liability policy Tor
the benefit Of the person required to furnish proof Of Gov
erage by satisfactory liability insurance. Such certificate
shall give the effective date Of such motor-Vehicle liability
policy, which date shall be the same as the effective date
Of the certificate, and shall designate by explicit descrip-
ton or by appropriate reference all vehicles covered
thereby.
SECTION 7O8. Certificate furnished by nonresident
a. proof: "A nonresident may give proof Of coyerage by
satisfactory liability insurance by fling with the Com
missioner Of Public Safety a written certificate or certiti-
Gates of an insurance carrier authorized to transact bust
ness III 4 State of the United States, or q foreign country
in which the vehicle, OF, vehicles, owned by such Ronresi-
dent is registered; provided, such certificate confirms with
the provisions Of this chapter, and the Commissioner Of
Public Safety shall accept the same upon condition that
said insurance carrier complies with the following proVl-
sions with respect to the policies so certified.
(a) Said insurance carrier shall execute a power of
attorney authorizing the Commissioner Of Insurance to
accept service on its behalf Of notice or process many ac-
ton arising out Of amotor1vehicle accident in the Virgin
Islands;
Q) Said insurance carrier shall agree in writing
that such policies shall be deemed to conform with the
laws. Of the Virgin Islands relating to the terms Of motor
vehicle liability policies therein.
SECTION TOO. Default BY nonrssident insurer: f
any insurance carrier not authorized to transact business
in the Virgin Islands, which has qualified to furnish proof
Of satisfactory liability insurance, defaults IN any said
undertaking Of, agreements, the Commissioner Of Public
Safety shall not thereafter accept as proof any certificate
Of said carrier whethere heretofore filed or thereafter
rendered as proof, SO long as such default continues.
SECTION TO. Rates: Rates for motor vehicle LA
bility policies issued under the provisions of this chapter
shall not be excessive. Inadequate or unfairly dlScrlnnl-