reglab/housing_qa huggingface dataset:
V.I. Code tit. 22, § 61 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 3 - Insurance Commissioner|§ 61. Insurance Advisory Committee

 (a) There is hereby created an Insurance Advisory Committee for the purpose of providing information and advice on all insurance matters affecting the Territory. The Committee shall be chaired by the Insurance Commissioner and shall issue reports from time to time as required by the Commissioner. (b) The Committee shall consist of seven members in addition to its Chairman. It shall have the following composition: (1) two members shall represent property and casualty insurers doing business in the Territory and shall be selected by the V.I. Insurance Guaranty Association; (2) one member shall represent mortgage lenders and shall be selected by the V.I. Bankers Association; (3) one member shall represent realtors and shall be selected by the V.I. Board of Realtors; (4) one member shall represent independent insurance agents and shall be selected by the V.I. Insurance Agents Association; and (5) two members shall be selected by the Insurance Commissioner. All members shall be appointed by the Insurance Commissioner and shall serve terms concurrent with that of the Insurance Commissioner. (c) Members of the Committee shall serve without compensation but shall be reimbursed for necessary expenses incurred in the performance of their duties from funds provided for in the operation of the Division of Insurance. The Committee shall meet at the call of the chairman.
V.I. Code tit. 22, § 70 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 4 - Division of Alternative Markets and International Reinsurance|§ 70. Creation of Division of Alternative Markets and International Reinsurance

 There is established within the Office of the Lieutenant Governor, the Division of Alternative Markets and International Reinsurance, which will be supervised by the Superintendent of Alternative Markets (“the SAM”). The Commissioner of Insurance, with the advice and consent of the Governor, shall appoint the SAM and determine the SAM's compensation. The SAM, with the consent of the Commissioner of Insurance, may appoint such assistants as necessary to perform such duties as the SAM determines. The SAM shall report to the Commissioner of Insurance.
V.I. Code tit. 22, § 72 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 4 - Division of Alternative Markets and International Reinsurance|§ 72. Registers

 The SAM shall keep the following registers: (a) A register of all licenses issued to insurers and reinsurers and Securitization Entities under this Title, in which must appear: (1) The name of the insurer or reinsurer or Securitization Entity; (2) The address of the insurer or reinsurer's or Securitization Entity's principal office within the Territory; (3) The address of the insurer or reinsurer's or Securitization Entity's principal office outside the Territory; (4) The details of the insurance or reinsurance or Securitization Entity's business, including the classes of insurance and reinsurance for which the insurer or reinsurer or Securitization Entity is licensed; and (5) Any other information the SAM may consider necessary or appropriate to keep for purposes of this Title. (b) A register of all licenses issued under this title to International Insurance Support Businesses in which must appear the names and addresses of the insurers and reinsurers for whom they are authorized to act. (c) A register of the names and addresses of all directors and officers of every insurer and reinsurer licensed under Chapter 55 and of every Securitized Entity licensed under Chapter 66. (d) A register of all actuaries and auditors approved by the SAM to provide actuary or audit services under Chapter 55 and Chapter 66.
V.I. Code tit. 22, § 73 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 4 - Division of Alternative Markets and International Reinsurance|§ 73. Revolving Fund Created

 (a) There is established in the Treasury of the Virgin Islands a special account known as “The Alternative Market and International Reinsurance Revolving Fund” for the purpose of providing the financial means for the SAM to administer Chapters 55 and 66 and for reasonable expenses incurred in promoting the captive insurance and asset securitization and insurance securitization industries in the Territory. (b) The fund consists of all fees, fines, and other sums collected by the SAM under this chapter and Chapter 55 and Chapter 66 as well as sums appropriated thereto from time to time from the Legislature. All funds deposited in the fund remain available until expended. The SAM, the Commissioner of Insurance, and the Commissioner's designee are the certifying officers for expenditures from the Fund. (c) The SAM shall deposit into the fund: (1) All application fees, license fees renewal fees, and assessments collected by the SAM under this Chapter and related Chapters 55 and 66; and (2) All administrative penalties and fines. (d) All payments from the Fund for the hiring, training, maintenance of staff and associated expenses, including contractual services as necessary, may be disbursed from the Fund only upon requests issued by the SAM, after receipt of proper documentation regarding services rendered and expenses incurred or to be incurred. (e) After all administrative expenses and documented expenses as described in subsection (d) of this section are met, the remaining funds shall be disbursed annually and equally to the Juan Francisco Luis Hospital on the island of St. Croix and the Roy Lester Schneider Hospital on the island of St. Thomas. The Department of Finance and the Office of Management and Budget shall report to the Legislature on a semiannual basis regarding distributions of the funds and the allocation of funds respectively. (f) The interest on the monies on deposit in the Fund must also be deposited into the Fund.
V.I. Code tit. 22, § 101 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 5 - Examinations|§ 101. Purpose

 The purpose of the chapter is to provide an effective and efficient system for examining the activities, operations, financial condition and affairs of all persons transacting the business of insurance in the territory and all persons otherwise subject to the jurisdiction of the Commissioner. The provisions of the chapter are intended to enable the Commissioner to adopt a flexible system of examinations which directs resources, as may be deemed appropriate and necessary, for the administration of the insurance related laws of the territory.
V.I. Code tit. 22, § 102 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 5 - Examinations|§ 102. Definitions

 As used in this title, unless the context requires another meaning: (a) “Commissioner” means the Commissioner of Insurance of the Virgin Islands, his deputies, or the Division of Banking, Insurance and Financial Regulation, as appropriate. (b) “Company” means any person engaging in, or proposing or attempting to engage in, any transaction or kind of insurance or surety business and any person or group of persons who may otherwise be subject to the administrative, regulatory or taxing authority of the Commissioner. (c) “Division” means the Division of Banking, Insurance and Financial Regulation. (d) “Examiner” means any individual or firm having been authorized by the Commissioner to conduct an examination under this chapter. (e) “Insurer” means a corporation or association which is engaged as a principal in the business of making contracts of insurance, but shall not include an insurance broker acting as a broker. (f) “Person” means any individual, aggregation of individuals, trust associations, partnerships, corporations, agents, brokers, solicitors, adjusters, or any affiliate thereof.
V.I. Code tit. 22, § 103 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 5 - Examinations|§ 103. Authority, scope and scheduling of examinations

 (a) The Commissioner or any of his examiners may conduct an examination under this chapter of any company as often as the Commissioner in his sole discretion deems appropriate, but shall, at a minimum, conduct an examination of every insurer licensed in the territory not less frequently than once every five (5) years. In scheduling and determining the nature, scope and frequency of the examinations, the Commissioner shall consider such matters as the results of financial statement analyses and ratios, changes in management or ownership, actuarial opinions, reports of independent certified public accountants and other criteria as set forth in the Examiner's Handbook adopted by the National Association of Insurance Commissioners and in effect when the Commissioner exercises discretion under this section. (b) For purposes of completing an examination of any company under this chapter, the Commissioner may examine or investigate any person, or the business of any person, in so far as such examination or investigation is, in the sole discretion of the Commissioner, necessary or material to the examination of the company. (c) In lieu of an examination under this chapter of any foreign or alien insurer licensed in the territory, the Commissioner may accept an examination report on the company as prepared by the insurance department for the company's state of domicile or port-of-entry state until January 1, 1994. Thereafter, such reports may only be accepted if: (1) the insurance department was at the time of the examination accredited under the National Association of Insurance Commissioner's (NAIC) Financial Regulation Standards and Accreditation Program; or (2) the examination is performed under the supervision of an accredited insurance department or with the participation of one or more examiners who are employed by such an accredited state insurance department and who, after a review of the examination work papers and report, state under oath that the examination was performed in a manner consistent with the standards and procedures required by their insurance department.
V.I. Code tit. 22, § 106 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 5 - Examinations|§ 106. Conflict of interest

 No examiner may be appointed by the Commissioner if such examiner, either directly or indirectly, has a conflict of interest or is affiliated with the management of, or owns a pecuniary interest in, any person subject to examination under this chapter. This section shall not be construed to automatically preclude an examiner from being: (1) A policyholder or claimant under an insurance policy; (2) A grantor of a mortgage or similar instrument on the examiner's residence to a regulated entity if done under customary terms and in the ordinary course of business; (3) An investment owner in shares of regulated diversified investment companies; or (4) A settlor or beneficiary of a “blind trust” into which any otherwise impermissible holdings have been placed. Notwithstanding the requirements of this section, the Commissioner may retain from time to time, on an individual basis, qualified actuaries, certified public accountants, or other similar individuals who are independently practicing their professions, even though said persons may from time to time be similarly employed or retained by persons subject to examination under this chapter.
V.I. Code tit. 22, § 107 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 5 - Examinations|§ 107. Cost of examination

 The cost of an examination into the affairs and condition of any company or insurer shall be borne by the company or insurer examined, unless remitted by the Commissioner.
V.I. Code tit. 22, § 108 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 5 - Examinations|§ 108. Immunity from liability

 (a) No cause of action shall arise nor shall any liability be imposed against the Commissioner, the Commissioner's designee or any examiner appointed by the Commissioner for any statements made or conduct performed in good faith while carrying out the provisions of this chapter. (b) No cause of action shall arise, nor shall any liability be imposed against any person for the act of communicating or delivering information or data to the Commissioner or the Commissioner's designee or examiner pursuant to an examination made under this chapter, if such act of communication or delivery was performed in good faith and without fraudulent intent or the intent to deceive. (c) This section does not abrogate or modify in any way any common law or statutory privilege or immunity heretofore enjoyed by any person identified in subsection (a) of this section. (d) A person identified in subsection (a) shall be entitled to an award of attorney's fees and costs if he is the prevailing party in a civil cause of action for libel, slander or any other relevant tort arising out of activities in carrying out the provisions of this chapter and the party bringing the action was not substantially justified in doing so. For purposes of this section, a proceeding is “substantially justified” if it had a reasonable basis in law or fact at the time it was initiated.
V.I. Code tit. 22, § 151 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 7 - Hearings and Appeals|§ 151. Hearings

 (a) The Commissioner may hold a hearing for any purpose within the scope of this title as he may deem necessary. He shall hold a hearing— (1) if required by any provision of this title; or (2) upon written demand for a hearing made by any person aggrieved by any act, threatened act, or failure of the Commissioner to act, if such failure is deemed an act under any provision of this title, or by any report, promulgation, or order of the Commissioner other than an order on a hearing of which such person was given actual notice or at which such person appeared as a party, or order pursuant to the order on such hearing. (3) Upon written demand for a hearing by the insured when there is a dispute concerning the settlement of an insurance claim; Provided, That prior to any hearing the insurer shall pay to the insured the undisputed amount of the insurance claim. (b) Any such demand for a hearing shall specify in what respects such person is so aggrieved and the grounds to be relied upon as basis for the relief to be demanded at the hearing. (c) The Commissioner shall hold such hearing demanded within 30 days after his receipt of the demand, unless postponed by mutual consent.
V.I. Code tit. 22, § 152 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 7 - Hearings and Appeals|§ 152. Stay of action

 (a) Such demand for a hearing received by the Commissioner prior to the effective date of action taken or proposed to be taken by him shall stay such action pending the hearing, except as to action taken or proposed— (1) under an order on hearing; or (2) under an order pursuant to an order on hearing; or (3) under an order to make good an impairment of the assets of an insurer. (b) In any case where an automatic stay is not provided for, and if the Commissioner after written request therefor fails to grant a stay, the person aggrieved thereby may apply to a court of competent jurisdiction for a stay of the Commissioner's action.
V.I. Code tit. 22, § 153 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 7 - Hearings and Appeals|§ 153. Place of hearing

 The hearing shall be held at the place designated by the Commissioner, and at his discretion it may be open to the public.
V.I. Code tit. 22, § 154 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 7 - Hearings and Appeals|§ 154. Notice of hearing

 (a) The Commissioner shall, not less than ten days in advance, give notice to each person to be affected by the hearing, of the time and place thereof and specifying the matters to be considered at the hearing. (b) If under subsection (a) of this section notice of a hearing would be required to be given to more than 100 persons, in lieu of the notice provided for in such section and for the purposes of section 101 of this title only, the Commissioner may give notice of the hearing by publishing the notice in the newspapers at least once each week during the three weeks immediately preceding the week in which the hearing is to be held. (c) Any such published notice shall state the time and place of the hearing and shall specify the matters to be considered thereat.
V.I. Code tit. 22, § 155 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 7 - Hearings and Appeals|§ 155. Notice to show cause

 If any person is entitled to a hearing by any provision of this title before any proposed action is taken, the notice of the proposed action may be in the form of a notice to show cause stating that the proposed action may be taken unless such person shows cause at a hearing to be held as specified in the notice, why the proposed action should not be taken, and stating the basis of the proposed action.
V.I. Code tit. 22, § 156 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 7 - Hearings and Appeals|§ 156. Adjourned hearings

 The Commissioner may adjourn any hearing from time to time and from place to place without other notice of the adjourned hearing than announcement thereof at the hearing.
V.I. Code tit. 22, § 157 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 7 - Hearings and Appeals|§ 157. Nonattendance, effect of

 The validity of any hearing held in accordance with the notice thereof shall not be affected by failure of any person to attend or to remain in attendance.
V.I. Code tit. 22, § 158 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 7 - Hearings and Appeals|§ 158. Procedure on hearing

 (a) The Commissioner shall preside at the hearing and shall keep a true and concise record of the proceedings thereat. Formal rules of pleading or evidence need not be observed in the hearing. (b) At the expense of and at the written request reasonably made by any person affected by the hearing, the Commissioner shall cause a full stenographic record of the proceedings to be made by a competent stenographic reporter and if transcribed such record shall be made a part of the Commissioner's record of the hearing. (c) The Commissioner shall allow any person affected by the hearing to be present during the giving of all testimony and shall allow him a reasonable opportunity to inspect all documentary evidence, to examine witnesses, and to present evidence in support of his interest. Upon good cause shown, the Commissioner may permit any person to intervene, appear, and be heard at the hearing. (d) Any person heard shall make full disclosure of facts pertinent to the subject of inquiry as requested by the Commissioner or by any person affected by the hearing.
V.I. Code tit. 22, § 159 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 7 - Hearings and Appeals|§ 159. Order on hearing

 (a) Within 30 days after the termination of a hearing the Commissioner shall make his order thereon and shall, subject to subsection (d) of this section, give a copy of the order to each person to whom notice of the hearing was given or required to be given. (b) The order shall contain— (1) a concise statement of the action taken; (2) the effective date of such action; (3) a designation of the provisions of this title pursuant to which the action is taken; (4) a concise statement of the findings of the Commissioner in support of the action. (c) An order on hearing may confirm, modify, or nullify action taken under an existing order, or may constitute the taking of any new action coming within the scope of the notice of such hearing. (d) If notice of such hearing was given by publication as provided for in section 154 of this title the Commissioner may publish the order on hearing once each week for three successive weeks in the same newspapers in which such notice was published, the first such publication to be made on the date of the order. Such publication of the order on hearing shall be in lieu of the requirement that a copy of such order be given to each person as provided in subsection (a) of this section.
V.I. Code tit. 22, § 160 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 7 - Hearings and Appeals|§ 160. Appeal from Commissioner's order

 (a) Any person aggrieved on account of any official action or threatened action of the Commissioner, or of his failure to act if such failure is deemed to constitute an act under any provision of this title, may demand a hearing thereon as provided in section 151 of this title and may appeal from the Commissioner's order made pursuant thereto. Such appeal shall be taken to any court of appropriate jurisdiction and only from an order refusing a hearing or an order on hearing. An appeal may be so taken by any person aggrieved by such order refusing a hearing or by such order on hearing. (b) The appeal must be taken within 30 days after the order complained of was given by the Commissioner, or, if the order was published as provided in section 159 of this title within 30 days after the date of the last such publication. If not so taken, the right to appeal from or restrain action under the order shall conclusively be deemed to have been waived.
V.I. Code tit. 22, § 161 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 7 - Hearings and Appeals|§ 161. Appeal, how taken

 The appeal shall be taken by filing with the Clerk of any court of appropriate jurisdiction a petition for a review of the Commissioner's order, containing a copy of the order and a statement of the particulars in which it is claimed that the order is in error and a statement of the relief prayed for, and by serving upon the Commissioner a copy of the petition, certified by the clerk of the court to be a true copy.
V.I. Code tit. 22, § 162 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 7 - Hearings and Appeals|§ 162. Transcript of record

 Upon being served with a copy of the petition for review of an order on hearing, the Commissioner shall forthwith prepare and file with the clerk of the court a true and complete transcript of his record of the hearing on which the order appealed from was made. The cost of the transcript may be included in the costs allowed by the court.
V.I. Code tit. 22, § 163 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 7 - Hearings and Appeals|§ 163. Hearing on appeal

 The court shall give precedence to and may summarily hear and determine the appeal. The court shall hear the appeal upon the transcript of the record of the Commissioner's hearing and on such additional proper evidence as may be offered by any party. After considering the evidence the court may affirm, modify, or set aside the order appealed from. Costs shall be awarded as in civil cases.
V.I. Code tit. 22, § 164 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 7 - Hearings and Appeals|§ 164. Stay of action on appeal

 (a) The taking of an appeal shall not stay any action taken or proposed to be taken by the Commissioner under the order appealed from unless a stay is granted by the court at a hearing held as part of the proceedings on appeal. (b) A stay shall not be granted by the court in any case where the granting of a stay would tend to injure the public interest. In granting a stay, the court may require of the person taking the appeal such security or other conditions as it deems proper. (c) If the order appealed from is one suspending, revoking, or refusing to renew an agent's, broker's, solicitor's or adjuster's license, the appellant by filing a bond with the clerk of the court, subject to approval of the court, in the sum of $500, conditioned to pay all costs that may be awarded against him, may, if filed prior to the effective date of such order, supersede the order appealed from until the final determination of the appeal.