reglab/housing_qa huggingface dataset:
V.I. Code tit. 22, § 226 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 9 - Insurers; General Requirements|§ 226. General agents, managers; appointment; powers; licensing

 (a) An insurer appointing any person as its general agent or manager to represent it as such in this territory shall file notice of the appointment with the Commissioner on forms prescribed and furnished by the Commissioner. (b) Any such general agent or manager shall have such authority, consistent with this title, as may be conferred by the insurer. A general agent resident in this territory and licensed, as in this section provided, may exercise the powers conferred by this title upon agents licensed for the kinds of insurance which the general agent is authorized to transact for the insurer so appointing him. (c) The appointment of a resident general agent shall not be effective unless the person so appointed is licensed as the general agent of such insurer by the Commissioner upon application and payment of the fee therefor as provided in section 601 of this title. (d) Every such license shall expire as at close of business on the 31st day of December next following the date of issue, and may be renewed for an additional year upon application and payment of the fee therefor. (e) The Commissioner may deny, suspend, or revoke any such license for any cause specified in section 789 of this title and in the manner provided in section 790 of this title.
V.I. Code tit. 22, § 227 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 9 - Insurers; General Requirements|§ 227. Reports of fire losses

 (a) Each authorized insurer shall promptly report to the Commissioner, upon forms as prescribed and furnished by him, each fire loss of property in this territory reported to it and of undetermined origin. (b) As may be requested by the Commissioner, each such insurer shall likewise report to him upon claims paid by it for loss or damage by fire in this territory.
V.I. Code tit. 22, § 228 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 9 - Insurers; General Requirements|§ 228. Payment of claims

 (a) Effective 90 days after February 24, 1984, insurance companies doing business in the Virgin Islands shall have thirty (30) calendar days from the date on which an agreement to settle is signed or a proof of claim has been filed, whichever comes last, to make payment of all sums due under an insurance policy. (b) In cases where suit is brought by the insured to recover the payment due under the policy, interest at the prevailing prime rate applicable on the date of judgment, under section 951 of Title 11, Virgin Islands Code, from the date of loss to the date of judgment, shall be added to the amount of the judgment so as to compensate the insured for delay in payment. Nothing in this subsection shall be construed to increase or limit the amount of interest payable on money judgments and decrees pursuant to section 426 of Title 5, Virgin Islands Code.
V.I. Code tit. 22, § 229 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 9 - Insurers; General Requirements|§ 229. Periodic automobile premium payments

 (a) Any insurer providing a person with motor vehicle insurance coverage shall permit the person to pay any premium with respect to such coverage in semi-annual payments. (b) Any insurer who fails to comply with subsection (a) of this section may, upon complaint to the Commissioner of Insurance, have its license to sell insurance suspended for not less than ninety (90) days.
V.I. Code tit. 22, § 230 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 9 - Insurers; General Requirements|§ 230. Filing requirements

 (a) Each domestic, foreign and alien insurer who is authorized to transact insurance in the Territory shall on or before March 1 of each year, file with the NAIC, a copy of its annual statement convention blank, along with such additional filings, including any quarterly statement filings, as prescribed by the Commissioner for the preceding year. The information filed with the NAIC must be in the same format and scope as that required by the Commissioner and must include the signed jurat page and the actuarial certification. Any amendments and addenda to the annual statement or quarterly statement filings subsequently filed with the Commissioner must also be filed with the NAIC. Each insurer shall concurrently provide the NAIC with a copy of the electronic filing containing its annual and quarterly statements. (b) Foreign insurers that are domiciled in a state which has a law substantially similar to subsection (a) of this section shall be deemed in compliance with this section.
V.I. Code tit. 22, § 230a (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 9 - Insurers; General Requirements|§ 230a. Immunity

 In the absence of actual malice, members of the NAIC, their duly authorized committees, sub-committees, and task forces, their delegates, NAIC employees, and all others charged with the responsibility of collecting, reviewing, analyzing and disseminating the information developed from the filing of the annual statement convention blanks shall be acting as agents of the Commissioner under the authority of this chapter and shall not be subject to civil liability for libel, slander or any other cause of action by virtue of their collection, review, and analysis or dissemination of the data and information collected from the filings required hereunder.
V.I. Code tit. 22, § 230b (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 9 - Insurers; General Requirements|§ 230b. Confidentiality

 All financial analysis ratios and examination synopses concerning insurance companies that are submitted to the Division by the NAIC Insurance Regulatory Information System are confidential and may not be disclosed by the Insurance Division.
V.I. Code tit. 22, § 231 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 10 - Virgin Islands Insurance Guaranty Association Act|§ 231. Purpose

 The purpose of this chapter is to provide a mechanism for the payment of covered claims under certain insurance policies, to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders because of the insolvency of an insurer, to assist in the detection and prevention of insurer insolvencies, and to provide an association to assess the cost of such protection among insurers.
V.I. Code tit. 22, § 232 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 10 - Virgin Islands Insurance Guaranty Association Act|§ 232. Scope

 This chapter shall apply to all kinds of direct insurance, except life, title, surety, disability, credit, mortgage guaranty and ocean marine insurance.
V.I. Code tit. 22, § 233 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 10 - Virgin Islands Insurance Guaranty Association Act|§ 233. Construction

 This chapter shall be liberally construed to effect the purpose propounded in section 231 of this title which shall constitute an aid and guide to interpretation.
V.I. Code tit. 22, § 234 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 10 - Virgin Islands Insurance Guaranty Association Act|§ 234. Definitions

 As used in this chapter, unless the context clearly indicates otherwise: (a) “Association” means the Virgin Islands Insurance Guaranty Association created in section 235 of this title. (b) “Commissioner” means the Commissioner of Insurance. (c) “Covered claim” means an unpaid claim or judgment, including an unearned premium claim, that has been timely filed with the liquidators as provided in section 237 of this title, which arises out of and is within the coverage of an insurance policy to which this chapter applies, and which is issued by an insurer if such insurer becomes an insolvent insurer after the effective date of this chapter and (1) the claimant or insured is a resident of this territory at the time of the insured event; or (2) the property from which the claim arises is permanently located in this territory. “Covered claim” shall not include: (1) any amount due any reinsurer, insurer, insurance pool, or underwriting association, as subrogation recoveries or otherwise, and (2) supplementary payment obligations including but not limited to adjustment fees and expenses, attorney fees and expenses, court costs, interest and bond premiums, prior to the appointment of a liquidator. (d) “Insolvent insurer” means (1) an insurer which holds a certificate of authority to transact insurance in this territory either at the time the policy was issued or when the insured event occurred and (2) determined to be insolvent by a court of competent jurisdiction. “Insolvent insurer” shall not be construed to mean an insurer with respect to which an order, decree, judgment or finding of insolvency, whether preliminary or temporary in nature, or order of rehabilitation or conservation has been issued by a court of competent jurisdiction prior to July 2, 1984, or which was otherwise in fact insolvent prior to July 2, 1984. (e) “Member insurer” means any person who (1) writes any kind of insurance to which this chapter applies pursuant to section 232 of this title, including the exchange of reciprocal or inter-insurance contracts, and (2) holds a certificate of authority to transact insurance in this territory. However, an exchange or reciprocal formed in accordance with chapter 18 of this title shall not be required to be a member insurer for the purposes of this chapter. (f) “Net direct written premiums” means direct gross premiums written in this territory on insurance policies to which this chapter applies, less return premiums thereon and dividends paid or credited to policyholders on such direct business. “Net direct written premiums” does not include premiums or contracts between insurers and reinsurers. (g) “Person” means any individual, corporation, partnership, association or voluntary organization.
V.I. Code tit. 22, § 235 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 10 - Virgin Islands Insurance Guaranty Association Act|§ 235. Creation of Association

 There is created a nonprofit unincorporated legal entity to be known as the Virgin Islands Insurance Guaranty Association. All insurers defined as member insurers by subsection (e) of section 234 of this title shall be and remain members of the Association as a condition of their authority to transact insurance in this territory. The Association shall perform its functions under a plan of operation established and approved pursuant to section 238 of this title and shall exercise its powers through a board of directors established pursuant to section 236 of this title.
V.I. Code tit. 22, § 236 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 10 - Virgin Islands Insurance Guaranty Association Act|§ 236. Board of Directors

 (a) The Board of Directors of the Association shall consist of not less than five nor more than nine persons serving terms as established in the plan of operation. The members of the Board shall be selected by member insurers subject to the approval of the Commissioner. Vacancies on the Board shall be filled for the remaining period of the term in the same manner as initial appointments. If no members are selected within 60 days after July 2, 1984, the Commissioner may appoint the initial members of the Board of Directors. (b) In approving selections to the Board, the Commissioner shall consider, among other things, whether all member insurers are fairly represented. (c) Members of the Board may be reimbursed from the assets of the Association for expenses incurred by them as members of the Board of Directors.
V.I. Code tit. 22, § 239 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 10 - Virgin Islands Insurance Guaranty Association Act|§ 239. Duties and powers of the Commissioner

 (a) The Commissioner shall: (1) Notify the Association of the existence of an insolvent insurer not later than three days after he receives notice of the determination of the insolvency; (2) Upon request of the Board of Directors, provide the Association with a statement of the net direct written premiums of each member insurer. (b) The Commissioner may: (1) Require that the Association notify the insureds of the insolvent insurer and any other interested parties of the determination of insolvency and of their rights under this chapter. Such notification shall be by first-class mail at their last known address, where available, but if sufficient information for notification by mail is not available, notice by publication in a newspaper of general circulation shall be sufficient; (2) Require each agent of the insolvent insurer to give prompt written notice by first-class mail of the insured's last known address to each insured of the insolvent insurer for whom he was the agent of record; (3) Suspend or revoke, after notice and hearing, the certificate of authority to transact insurance in this territory of any member insurer which fails to pay an assessment when due or fails to comply with the plan of operation. As an alternative, the Commissioner may levy a fine on any member insurer which fails to pay an assessment when due or fails to comply with the plan of operation. Such fine shall not exceed 5% of the unpaid assessment per month, except that no fine shall be less than $100 per month. (c) Any final action or order of the Commissioner issued pursuant to this chapter shall be subject to judicial review in a court of competent jurisdiction.
V.I. Code tit. 22, § 240 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 10 - Virgin Islands Insurance Guaranty Association Act|§ 240. Effect of paid claims

 (a) Any person recovering under this chapter shall be deemed to have assigned his rights under the policy to the Association to the extent of his recovery from the Association. Every insured or claimant seeking the protection of this chapter shall cooperate with the Association to the same extent as such person would have been required to cooperate with the insolvent insurer. The Association shall have no cause of action against the insured of the insolvent insurer for any sums it has paid out, except such causes of action as the insolvent insurer would have had if such sums had been paid by the insolvent insurer. In the case of an insolvent insurer operating on a plan with assessment liability, payments of claims of the Association shall not operate to reduce the liability of insurers to the receiver, liquidator, or statutory successor for unpaid assessments. (b) The receiver, liquidator, or statutory successor of an insolvent insurer shall be bound by settlements of covered claims by the Association or a similar organization in another state. The court having jurisdiction shall grant such claims priority equal to that to which the claimant would have been entitled in the absence of this chapter against the assets of the insolvent insurer. The expenses of the Association or similar organization in handling claims shall be accorded the same priority as the liquidator's expenses. (c) The Association shall periodically file with the receiver or liquidator of the insolvent insurer statements of the covered claims paid by the Association and estimates of anticipated claims on the Association which shall preserve the rights of the Association against the assets of the insolvent insurer.
V.I. Code tit. 22, § 241 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 10 - Virgin Islands Insurance Guaranty Association Act|§ 241. Nonduplication of recovery

 (a) Any person having a claim against an insurer under any provision in his insurance policy which is also a covered claim shall be required to exhaust first his right under such policy. Any amount payable on a covered claim pursuant to this chapter shall be reduced by the amount of such recovery under the claimant's insurance policy. (b) Any person having a claim which may be recovered under more than one insurance guaranty association or its equivalent shall seek recovery first from the Association of the place of residence of the insured except that if it is a first party claim for damage to property with a permanent location, from the Association of the location of the property. Any recovery pursuant to this chapter shall be reduced by the amount of the recovery from any other insurance guaranty association or its equivalent.
V.I. Code tit. 22, § 242 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 10 - Virgin Islands Insurance Guaranty Association Act|§ 242. Prevention of insolvencies

 The Board of Directors of the Association may make recommendations to the Commissioner for the detection and prevention of insurer insolvencies.
V.I. Code tit. 22, § 243 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 10 - Virgin Islands Insurance Guaranty Association Act|§ 243. Examination of the Association

 The Association shall be subject to examination and regulation by the Commissioner. The Board of Directors shall submit, not later than March 30 of each year, a financial report for the preceding calendar year in a form approved by the Commissioner.
V.I. Code tit. 22, § 244 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 10 - Virgin Islands Insurance Guaranty Association Act|§ 244. Tax exemption

 The Association shall be exempt from payment of all fees and all taxes levied by this territory except taxes levied on real or personal property.
V.I. Code tit. 22, § 245 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 10 - Virgin Islands Insurance Guaranty Association Act|§ 245. Immunity

 There shall be no liability on the part of and no cause of action of any nature shall arise against any member insurer, the Association or its agents or employees, the Board of Directors, or the Commissioner or his representatives for any authorized action taken by them in performance of their powers and duties pursuant to this chapter.
V.I. Code tit. 22, § 246 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 10 - Virgin Islands Insurance Guaranty Association Act|§ 246. Stay of proceedings; reopening of default judgment

 All proceedings in which the insolvent insurer is a party in any court in this territory shall be stayed for 60 days from the date the insolvency is determined to permit proper defense by the Association of all pending causes of action. As to any covered claims arising from a judgment under any decision, verdict, or finding based on the default of the insolvent insurer or its failure to defend an insured, the Association, either on its own behalf or on behalf of such insured, may apply to have such judgment, order, decision, verdict, or finding set aside by the same court or administrator that made such judgment, order, decision, verdict, or finding and shall be permitted to defend against such claim on the merits.
V.I. Code tit. 22, § 247 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 10 - Virgin Islands Insurance Guaranty Association Act|§ 247. Severability clause

 (a) Except as provided in subsection (b) of this section, the provisions of this chapter are severable. If any provision of this chapter or its application to any person or circumstances is held invalid, the invalidity shall not affect other provisions or applications of this chapter which can be given effect without the invalid provision or application. (b) The provisions of section 237(a)(3)(B) of this title are nonseverable. If any provision of that paragraph or its application to any person or circumstances is held invalid, the remaining provisions or applications of this chapter are void.
V.I. Code tit. 22, § 251 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 11 - Organization of Domestic Insurers|§ 251. Types of domestic insurers permitted

 An insurer formed in this territory shall be either— (1) an incorporated stock insurer; (2) an incorporated mutual insurer; (3) an incorporated specific risks mutual property insurer; (4) an incorporated mutual assessment property insurer only; (5) an incorporated farm mutual assessment property insurer only; or (6) a reciprocal insurer, with respective powers, duties, and restrictions as provided in this title.
V.I. Code tit. 22, § 252 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 11 - Organization of Domestic Insurers|§ 252. Assessment mutuals prohibited; exceptions

 Except for mutual assessment property insurers and farm mutual assessment property insurers, no insurer shall be formed or be authorized in this territory to issue contracts of insurance the performance of which is contingent upon the payment of assessments, assessment premiums, or calls made upon its members.
V.I. Code tit. 22, § 253 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 11 - Organization of Domestic Insurers|§ 253. Solicitation permit

 (a) No person forming or proposing to form in this territory an insurer, or insurance holding corporation, or stock corporation to finance an insurer or insurance production therefor, or corporation to manage an insurer, or a syndicate for any of such purposes, shall advertise, or solicit or receive any funds, agreement, stock subscription, or membership on account thereof unless he has applied for and has received from the Commissioner a solicitation permit. (b) Any person violating this section shall be subject to a fine of not more than $10,000 or imprisonment for not more than ten years, or by both fine and imprisonment.
V.I. Code tit. 22, § 254 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 11 - Organization of Domestic Insurers|§ 254. Application for solicitation permit

 (a) To apply for a solicitation permit the applicant shall file with the Commissioner a request therefor showing— (1) name, type, and purpose of insurer, corporation or syndicate proposed to be formed; (2) names, addresses, and business records of each person associated or to be associated in the formation of the proposed insurer, corporation, or syndicate; (3) full disclosure of the terms of all understandings and agreements existing or proposed among persons so associated relative to the proposed insurer, corporation, or syndicate, or the formation thereof; (4) the plan according to which solicitations are to be made; and (5) such additional information as the Commissioner may reasonably require. (b) Such applicant shall also file with the Commissioner— (1) original and copies in triplicate of proposed articles of incorporation or syndicate agreement; or, if the proposed insurer is a reciprocal, original and duplicate of the proposed subscribers' agreement and attorney in fact agreement; (2) original and duplicate copy of any proposed bylaws; (3) copy of any security proposed to be issued and copy of application or subscription agreement therefor; (4) copy of any insurance contract proposed to be offered and copy of application therefor; (5) copy of any prospectus, advertising, or literature proposed to be used; and (6) copy of proposed form of any escrow agreement required. (c) Such applicant shall deposit with the Commissioner the fees required by law to be paid for the application, for filing of the articles of incorporation of an insurer, for filing the subscribers' agreement for the solicitation permit, if granted, and for filing articles of incorporation with the Government Secretary.