reglab/housing_qa huggingface dataset:
V.I. Code tit. 22, § 1104 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 45 - Surety Insurance|§ 1104. Official bonds, payment of premiums

 The premium for bonds given by such surety insurers for appointive elective public officers and for such of their deputies or employees as are required to give bond shall be paid by the Government of the Virgin Islands.
V.I. Code tit. 22, § 1151 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 47 - Title Insurers|§ 1151. Scope of chapter

 (a) This chapter relates only to title insurers. (b) None of the provisions of this title shall be deemed to apply to persons engaged in the business of preparing and issuing abstracts of title to property and certifying to the correctness thereof so long as such persons do not guarantee or insure such titles.
V.I. Code tit. 22, § 1152 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 47 - Title Insurers|§ 1152. Qualifications, guaranty fund deposit

 A title insurer shall not be entitled to have a certificate of authority unless it otherwise qualifies therefor, nor unless it is a stock corporation and it deposits and keeps on deposit with the Commissioner of Finance through the Commissioner of Insurance a guaranty fund in amount of $100,000, and comprised of cash or securities of the kind made eligible under this title for the investment of funds of domestic life insurers.
V.I. Code tit. 22, § 1153 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 47 - Title Insurers|§ 1153. Impairment of deposit

 If an insurer's guaranty fund deposit becomes impaired for any cause, the Commissioner shall forthwith give notice thereof to the insurer, requiring that the impairment be cured within 30 days after the date of the notice. If the impairment is not so cured, the Commissioner shall forthwith revoke the insurer's certificate of authority.
V.I. Code tit. 22, § 1154 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 47 - Title Insurers|§ 1154. Levy of execution against deposit

 If an insurer fails to satisfy any judgment against it arising out of its liability under any title insurance policy or certificate of title issued, insured, or assumed by it, within 30 days after the finality of the judgment became fixed, the judgment may be enforced against the insurer's guaranty fund deposit through the following procedure: (1) the judgment creditor shall petition the court wherein the judgment is entered and as part of the same cause, truthfully setting forth the facts regarding the insurer's failure to satisfy the judgment as required by this section; (2) upon such petition the court shall direct issuance of a special execution directed to the marshal, requiring that the marshal sell so much of the securities on deposit as may be required to satisfy the judgment and pay the costs of the levy; (3) the court's order for issuance of the special execution shall also direct that a copy of the judgment and of the petition be served upon the Commissioner of Insurance within five days after the date of the order; and (4) upon issuance of such special execution and upon such service upon the Commissioner of Insurance he shall obtain from the Commissioner of Finance and deliver to such marshal sufficient of such securities as may be required for sale to satisfy the judgment and to pay such costs.
V.I. Code tit. 22, § 1155 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 47 - Title Insurers|§ 1155. Registration of securities

 The securities comprising the guaranty fund deposit shall be registered in the name of or endorsed or assigned to the Commissioner of Finance.
V.I. Code tit. 22, § 1156 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 47 - Title Insurers|§ 1156. Purpose of deposit

 (a) The securities comprising the guaranty fund deposit shall be held by the Commissioner of Finance as a special guaranty fund securing the faithful performance by the insurer of all its undertakings and liabilities as to any title guaranteed or insured by it. (b) Such deposit shall not be subject to any other liabilities of the insurer until after all its liabilities named in subsection (a) of this section have been discharged.
V.I. Code tit. 22, § 1157 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 47 - Title Insurers|§ 1157. Termination of deposit

 (a) A guaranty fund deposit shall be terminated only upon the existence of any of the following conditions: (1) upon termination of all liabilities of the insurer, other than through reinsurance, under all guaranties or insurances of titles made, issued, or assumed by it; or (2) upon reinsurance of all such liabilities of the insurer, with the Commissioner's approval, in another insurer holding a certificate of authority as a title insurer in this territory. (b) For the purposes of this section only, all liability of the insurer with regard to a title guaranteed or insured by it shall be deemed terminated upon the expiration of 21 years from the date of the guaranty or insurance, unless prior thereto a claim of loss has been made with reference thereto and settlement of such loss then remains pending.
V.I. Code tit. 22, § 1158 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 47 - Title Insurers|§ 1158. Release of securities

 (a) Upon any termination of the guaranty fund deposit, the Commissioner of Finance shall release, through the Commissioner of Insurance, the securities comprising it to the insurer after the following conditions have been complied with: (1) the insurer shall make written application to the Commissioner of Insurance for such release, verified by the oaths of its president and secretary; and (2) the Commissioner of Insurance shall in due course following upon such application make such examination of the records of the insurer, and of the insurer's officers under oath, as he deems reasonably necessary to determine that the conditions for termination of the deposit have been met. (b) Upon release of the securities, the Commissioner of Insurance shall revoke the insurer's certificate of authority.
V.I. Code tit. 22, § 1159 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 47 - Title Insurers|§ 1159. Investments

 The funds of a domestic title insurer, other than those representing its guaranty fund deposit, shall be invested as follows: (1) funds in amount not less than its required special reserve shall be kept invested in investments eligible for domestic life insurers; (2) other funds may be invested in— (A) the insurer's plant and equipment; (B) stocks and bonds of abstract companies when approved by the Commissioner; and (C) investments eligible for investment of funds of any domestic insurer.
V.I. Code tit. 22, § 1160 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 47 - Title Insurers|§ 1160. Premium rates

 (a) Premium rates for the insuring or guaranteeing of titles shall not be excessive, inadequate, or unfairly discriminatory. (b) Each title insurer shall file with the Commissioner a schedule showing the premium rates to be charged by it. Every addition to or modification of such schedule or of any rate therein contained shall likewise be filed with the Commissioner, and no such addition or modification shall be effective until expiration of 15 days of such filing. (c) The Commissioner may order the modification of any premium rate or schedule of premium rates found by him after a hearing to be excessive, or inadequate, or unfairly discriminatory. No such order shall require retroactive modification.
V.I. Code tit. 22, § 1161 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 47 - Title Insurers|§ 1161. Taxation of title insurers

 Title insurers and their property shall be taxed by this territory in accordance with the general laws relating to taxation, and not otherwise.
V.I. Code tit. 22, § 1201 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1201. Unfair practices in general

 (a) No person engaged in the business of insurance shall engage in unfair methods of competition or in unfair or deceptive acts or practices in the conduct of such business as such methods, acts, or practices are defined pursuant to subsection (b) of this section. (b) In addition to such unfair methods and unfair or deceptive acts or practices as are expressly defined and prohibited by this title, the Commissioner may from time to time by regulations promulgated only after a hearing thereon, define other methods of competition and other acts and practices in the conduct of such business reasonably found by him to be unfair or deceptive. (c) No such regulation shall be made effective prior to the expiration of 30 days after the date of the order on hearing by which it is promulgated. (d) If the Commissioner has cause to believe that any person is violating any such regulation he shall order such person to cease and desist therefrom. The Commissioner shall deliver such order to such person direct or mail it to the person by registered mail with return receipt requested. If the person fails to comply therewith before expiration of ten days after the cease and desist order has been received by him, he shall forfeit to the people of this territory a sum not to exceed $250 for each violation committed thereafter, such penalty to be recovered by an action prosecuted by the Commissioner.
V.I. Code tit. 22, § 1202 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1202. Anticompact law

 (a) No person shall either within or outside this territory enter into any contract, understanding or combination with any other person to do jointly or severally any act or engage in any practice for any of the following purposes: (1) controlling the rates to be charged for insuring any risks or any class of risks in this territory; (2) unfairly discriminating against any person in this territory by reason of his plan or method of transacting insurance, or by reason of his affiliation or nonaffiliation with any insurance organization; or (3) establishing or perpetuating any condition in this territory detrimental to free competition in the business of insurance or injurious to the insuring public. (b) This section shall not apply relative to ocean marine and foreign trade insurances. (c) Whenever the Commissioner has knowledge of any violation of this section he shall forthwith order the offending person to discontinue such practice immediately or show cause to the satisfaction of the Commissioner why such order should not be complied with. If the offender is an insurer or a licensee under this title and fails to comply with such order within 30 days after receipt thereof, the Commissioner may forthwith revoke the offender's certificate of authority of licenses.
V.I. Code tit. 22, § 1203 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1203. False financial statements

 No person shall knowingly file with any public official nor knowingly make, publish, or disseminate any financial statement of an insurer which does not accurately state the insurer's financial condition.
V.I. Code tit. 22, § 1204 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1204. False information and advertising

 No person shall knowingly make, publish, or disseminate any false, deceptive or misleading representation or advertising in the conduct of the business of insurance or relative to any person engaged therein.
V.I. Code tit. 22, § 1205 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1205. Advertising must show name and domicile

 Every advertisement of, by, or on behalf of an insurer shall set forth the name in full of the insurer and the location of its home office or principal office, if any, in the United States (if an alien insurer).
V.I. Code tit. 22, § 1206 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1206. Insurer name, deceptive use prohibited

 No person who is not an insurer shall assume or use any name which deceptively infers or suggests that it is an insurer.
V.I. Code tit. 22, § 1207 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1207. Advertising of financial condition

 (a) Every advertisement by or on behalf of any insurer purporting to show its financial condition may be in a condensed form but shall in substance correspond with the insurer's last verified statement filed with the Commissioner. (b) No insurer or person in its behalf shall advertise assets except those actually owned and possessed by the insurer in its own exclusive right, available for the payment of losses and claims, and held for the protection of its policyholders and creditors.
V.I. Code tit. 22, § 1208 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1208. Defamation of insurer

 No person shall make, publish, or disseminate, or aid, abet or encourage the making, publishing, or dissemination of any information or statement which is false or maliciously critical and which is designed to injure in its reputation or business any authorized insurer or any domestic corporation being formed pursuant to this title for the purpose of becoming an insurer.
V.I. Code tit. 22, § 1209 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1209. Misrepresentation of policies

 No person shall make, issue or circulate, or cause to be made, issued or circulated any misrepresentation of the terms of any policy or the benefits or advantages promised thereby, or the dividends or share of surplus to be received thereon, or use any name or title of any policy or class of policies misrepresenting the nature thereof.
V.I. Code tit. 22, § 1210 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1210. Dividends not to be guaranteed

 No insurer, agent, broker, solicitor, or other person, shall guarantee or agree to the payment of future dividends or future refunds of unused premiums or savings in any specific or approximate amounts or percentages on account of any insurance contract.
V.I. Code tit. 22, § 1211 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1211. Political contributions

 (a) No insurer or fraternal benefit society doing business in this territory shall directly or indirectly pay or use, or offer, consent or agree to pay or use any money or thing of value for or in aid of any political party; nor for or in aid of any candidate for any political office, nor for the nomination for such office; nor for reimbursement or indemnification of any person for money or property so used. (b) Any individual who violates any provision of this section, or who participates in, aids, abets, advises, or consents to any such violation, or who solicits or knowingly receives any money or thing of value in violation of this section, shall be guilty of a gross misdemeanor and shall be liable to the insurer or society for the amount so contributed or received.
V.I. Code tit. 22, § 1212 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1212. Misconduct of officers, employers

 No director, officer, agent, attorney in fact, or employee of an insurer shall— (1) knowingly receive or possess himself of any of its property, otherwise than in payment for a just demand, and with intent to defraud, omit to make or to cause or direct to be made, a full and true entry thereof in its books and accounts; (2) make or concur in making any false entry, or concur in omitting to make any material entry, in its books or accounts; (3) knowingly concur in making or publishing any written report, exhibit or statement of its affairs or pecuniary condition containing any material statement which is false, or omit or concur in omitting any statement required by law to be contained therein; (4) having the custody or control of its books, wilfully fail to make any proper entry in the books of the insurer as required by law, or to exhibit or allow the same to be inspected and extracts to be taken therefrom by any person entitled by law to inspect the same, or take extracts therefrom; (5) if a notice of an application for an injunction or other legal process affecting or involving the property or business of the insurer is served upon him, fail to disclose the fact of such service and the time and place of such application to the other directors, officers, and managers thereof; or (6) fail to make any report or statement lawfully required by a public officer.
V.I. Code tit. 22, § 1213 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1213. Presumption of knowledge of director

 A director of an insurer is deemed to have such knowledge of its affairs as to enable him to determine whether any act, proceeding, or omission of its directors is a violation of any provision of this chapter. If present at a meeting of directors at which any act, proceeding, or omission of its directors which is a violation of any such provision occurs, he must be deemed to have concurred therein unless at the time he causes or in writing requires his dissent therefrom to be entered on the minutes of the directors. If absent from such meeting, he must be deemed to have concurred in any such violation if the facts constituting such violation appear on the records or minutes of the proceedings of the board of directors, and he remains a director of the insurer for six months thereafter without causing or in writing requiring his dissent from such violation to be entered upon such record or minutes.
V.I. Code tit. 22, § 1214 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1214. Rebating

 (a) Except to the extent provided for in an applicable filing with the Commissioner then in effect, no insurer, general agent, agent, broker, or solicitor shall, as an inducement to insurance, or after insurance has been effected, directly or indirectly, offer, promise, allow, give, set off, or pay to the insured or to any employee of the insured, any rebate, discount, abatement, or reduction of premium or any part thereof named in any insurance contract, or any commission thereof, or earnings, profits, dividends, or other benefit, or any other valuable consideration or inducement whatsoever which is not expressly provided for in the policy. (b) Subsection (a) of this section shall not apply as to commissions paid to a licensed agent, general agent, broker, or solicitor for insurance placed on his own property risks, if the aggregate of such commissions does not exceed 5 percent of the total net commissions received by the agent, general agent, broker, or solicitor during the same 12-month period. (c) This section shall not apply to the allowance by any marine insurer, or marine insurance agent, general agent, broker, or solicitor, to any insured, in connection with marine insurance, of such discount as is sanctioned by custom among marine insurers as being additional to the agent's or broker's commission.
V.I. Code tit. 22, § 1215 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1215. Illegal inducements

 (a) No insurer, general agent, agent, broker, solicitor, or other person shall, as an inducement to insurance, or in connection with any insurance transaction, provide in any policy for, or offer, or sell, buy, or offer or promise to buy or give, or promise, or allow to the insured or prospective insured or to any other person on his behalf in any manner whatsoever: (1) any shares of stock or other securities issued or at any time to be issued on any interest therein or right thereto; or (2) any special advisory board contract, or other contract, agreement, or understanding of any kind, offering, providing for, or promising any profits or special returns or special dividends; or (3) any prizes, goods, wares, or merchandise of an aggregate value in excess of one dollar. (b) This section shall not be deemed to prohibit the sale or purchase of securities as a condition to or in connection with surety insurance insuring the performance of an obligation as part of a plan of financing found by the Commissioner to be designed and operated in good faith primarily for the purpose of such financing.
V.I. Code tit. 22, § 1216 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1216. Life or disability insurers, insurance as inducement to purchase of goods, etc.

 No life or disability insurer shall directly or indirectly participate in any plan to offer or effect any kind or kinds of insurance in this territory as an inducement to the purchase by the public of any goods, securities, commodities, services or subscriptions to publications. This section shall not apply to group or blanket insurance issued pursuant to this title.
V.I. Code tit. 22, § 1217 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1217. Rebating, license revocation

 The Commissioner shall revoke the certificates of authority or licenses of any insurer, general agent, agent, broker, or solicitor guilty of violating any provision contained in sections 1214 and 1215 of this title. No such insurer, general agent, agent, broker, or solicitor shall, following any such revocation, be eligible for a certificate of authority or license within one year after such revocation.
V.I. Code tit. 22, § 1218 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1218. Rebate, acceptance prohibited

 (a) No insured person shall receive or accept, directly or indirectly, any rebate of premium or part thereof, or any favor, advantage, share in dividends, or other benefit, or any valuable consideration or inducement not specified or provided for in the policy, or any commission on any insurance policy to which he is not lawfully entitled as a licensed agent, broker, or solicitor. The retention by the nominal policyholder in any group life insurance contract of any part of any dividend or reduction of premium thereon contrary to the provisions of section 1214 of this title shall be deemed the acceptance and receipt of a rebate and shall be punishable by a fine of not more than $500. (b) The amount of insurance thereon the insured has so received or accepted any such rebate or any such commission, other than as to life or disability insurances, shall be reduced in the proportion that the amount or value of the rebate or commission bears to the premium for such insurance. In addition to such reduction of insurance, if any, any insured shall be liable to a fine of not more than $200.
V.I. Code tit. 22, § 1219 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1219. Twisting prohibited

 No person shall by misrepresentation or by misleading comparisons, induce or tend to induce any insured to lapse, terminate, forfeit, surrender, retain, or convert any insurance policy.
V.I. Code tit. 22, § 1220 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1220. Illegal dealing in premiums

 (a) No person shall wilfully collect any sum as premium for insurance, which insurance is not then provided or is not in due course to be provided by an insurance policy issued by an insurer as authorized by this title. (b) No person shall wilfully collect as premium for insurance any sum in excess of the amount actually expended or in due course is to be expended for insurance applicable to the subject on account of which the premium was collected. (c) No person shall wilfully or knowingly fail to return to the person entitled thereto within a reasonable length of time any sum collected as premium for insurance in excess of the amount actually expended for insurance applicable to the subject on account of which the premium was collected. (d) Each violation of this section which does not amount to a felony shall constitute a misdemeanor.