reglab/housing_qa huggingface dataset:
V.I. Code tit. 22, § 1221 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1221. Hypothecation of premium notes

 It shall be unlawful for any insurer or its representative, or any agent or broker, to hypothecate, sell, or dispose of any promissory note, received in payment for any premium or part thereof on any contract of life insurance or of disability insurance applied for, prior to delivery of the policy to the applicant.
V.I. Code tit. 22, § 1222 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1222. Misrepresentation in application for insurance

 Any agent, solicitor, broker, examining physician or other person who makes a false or fraudulent statement or representation in or relative to an application for insurance in an insurer transacting insurance under the provisions of this title, shall be guilty of a misdemeanor, and the license of any such agent, solicitor, or broker so guilty shall be revoked.
V.I. Code tit. 22, § 1223 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1223. Wilful destruction or injury of property

 Any person, who, with intent to defraud or prejudice the insurer thereof, wilfully burns or in any manner injures or destroys property which is insured at the time against loss or damage by fire or by any other casualty, under such circumstances not making the offense arson, is guilty of a felony.
V.I. Code tit. 22, § 1224 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1224. False claims or proof

 Any person, who, knowing it to be such: (1) presents, or causes to be presented, a false or fraudulent claim, or any proof in support of such claim, for the payment of a loss under a contract of insurance; or (2) prepares, makes or subscribes to any false or fraudulent account, certificate, affidavit, or proof of loss, or other document or writing, with intent that it be presented or used in support of such a claim, is guilty of a gross misdemeanor.
V.I. Code tit. 22, § 1225 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1225. Rate wars prohibited

 (a) Any insurer which precipitates, or aids in precipitating or conducting a rate war and by so doing writes or issues a policy of insurance at a less rate than permitted under its schedules filed with the Commissioner, or below the rate deemed by him to be proper and adequate to cover the class of risk insured, shall have its certificate of authority to do business in this territory suspended until such time as the Commissioner is satisfied that it is charging a proper rate of premium. (b) Any insurer which has precipitated, or aided in precipitating or conducting a rate war for the purpose of punishing or eliminating competitors or stifling competition, or demoralizing the business, or for any other purpose, and has ordered the cancellation or rewriting of policies at a rate lower than that provided by its rating schedules where such rate war is not in operation, and has paid or attempted to pay to the insured any return premiums, on any risk so to be rewritten, on which its agent has received or is entitled to receive his regular commission, such insurer shall not be allowed to charge back to such agent any portion of his commission on the ground that the same has not been earned.
V.I. Code tit. 22, § 1226 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1226. Interlocking ownership, management

 (a) Any insurer may retain, invest in or acquire the whole or any part of the capital stock of any other insurer or insurers, or have a common management with any other insurer or insurers, unless such retention, investment, acquisition or common management is inconsistent with any other provision of this title, or unless by reason thereof the business of such insurers with the public is conducted in a manner which substantially lessens competition generally in the insurance business or tends to create a monopoly therein. (b) Any person otherwise qualified may be a director of two or more insurers which are competitors, unless the effect thereof is to substantially lessen competition between insurers generally or tends to create a monopoly. (c) If the Commissioner finds, after a hearing thereon, that there is violation of this section he shall order all such persons and insurers to cease and desist from such violation within such time, or extension thereof, as may be specified in such order.
V.I. Code tit. 22, § 1227 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1227. Right of debtor or borrower to select agent, broker, insurer

 Every debtor or borrower, when property insurance of any kind is required in connection with the debt or loan, shall have reasonable opportunity and choice in the selection of the agent, broker, and insurer through whom such insurance is to be placed; but only if the insurance is properly provided for the protection of the creditor or lender not later than at commencement of risk as to such property as respects such creditor or lender, and in the case of renewal of insurance, only if the renewal policy is delivered to the creditor or lender not later than 30 days prior to the renewal date.
V.I. Code tit. 22, § 1228 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 49 - Unfair Practices and Frauds|§ 1228. Penalty for exhibiting false accounts, etc.

 Every person who, with intent to deceive, knowingly exhibits any false account, or document, or advertisement, relative to the affairs of any insurer, or of any corporation or syndicate of the kind enumerated in chapter 11 of this title formed or proposed to be formed, shall be guilty of a felony.
V.I. Code tit. 22, § 1252 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 51 - Mergers, Rehabilitation, Liquidation|§ 1252. Insurer defined

 For the purposes of this chapter, other than as to section 1251 and in addition to persons included under section 1261 the term “insurer” shall be deemed to include all persons purporting to be engaged as insurers in the business of insurance in this territory, and to persons in process of organization to become insurers.
V.I. Code tit. 22, § 1253 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 51 - Mergers, Rehabilitation, Liquidation|§ 1253. Grounds for rehabilitation

 The Commissioner may apply to the District Court for an order directing him to rehabilitate a domestic insurer upon one or more of the following grounds: That the insurer— (1) is insolvent; (2) has refused to submit its books, records, accounts or affairs to the reasonable examination of the Commissioner; (3) has failed to comply with the Commissioner's order, made pursuant to law, to make good an impairment of capital (if a stock insurer) or an impairment of assets (if a mutual insurer) within the time prescribed by law; (4) has transferred or attempted to transfer substantially its entire property or business, or has entered into any transaction the effect of which is to merge substantially its entire property or business in that of any other insurer without first having obtained the written approval of the Commissioner; (5) if found, after examination, to be in such condition that its further transaction of business will be hazardous to its policyholders, or to its creditors, or to its members, subscribers, or stockholders, or to the public; (6) has wilfully violated its charter or any law of this territory; (7) has an officer, director, or manager who has refused to be examined under oath, concerning its affairs, for which purpose the Commissioner is authorized to conduct and to enforce by all appropriate and available means any such examination under oath in any other territory or state of the United States, in which any such officer, director or manager may then presently be, to the full extent permitted by the laws of any such other state or territory, this special authorization considered; (8) has been the subject of an application for the appointment of a receiver, trustee, custodian or sequestrator of the insurer or of its property, or if a receiver, trustee, custodian, or sequestrator is appointed by a federal court or if such appointment is imminent; (9) has consented to such an order through a majority of its directors, stockholders, members, or subscribers; or (10) has failed to pay a final judgment rendered against it in any jurisdiction upon any insurance contract issued or assumed by it, within 30 days after the judgment became final or within 30 days after time for taking an appeal has expired, or within 30 days after dismissal of an appeal before final determination, whichever date is the later.
V.I. Code tit. 22, § 1254 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 51 - Mergers, Rehabilitation, Liquidation|§ 1254. Rehabilitation order; termination

 (a) An order to rehabilitate a domestic insurer shall direct the Commissioner forthwith to take possession of the property of the insurer and to conduct the business thereof, and to take such steps toward removal of the causes and conditions which have made rehabilitation necessary as the court may direct. (b) If at any time the Commissioner deems that further efforts to rehabilitate the insurer would be useless, he may apply to the court for an order of liquidation. (c) The Commissioner, or any interested person upon due notice to the Commissioner, at any time may apply for an order terminating the rehabilitation proceeding and permitting the insurer to resume possession of its property and the conduct of its business, but no such order shall be granted except when, after a full hearing, the court has determined that the purposes of the proceedings have been fully accomplished.
V.I. Code tit. 22, § 1255 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 51 - Mergers, Rehabilitation, Liquidation|§ 1255. Grounds for liquidation

 The Commissioner may apply to the District Court for an order directing him to liquidate the business of a domestic insurer or of the United States branch of an alien insurer having trusteed assets in this territory, regardless of whether or not there has been a prior order directing him to rehabilitate such insurer, upon any of the grounds specified in section 1253 of this title or upon any one or more of the following grounds: That the insurer— (1) has ceased transacting business for a period of one year; (2) is an insolvent insurer and has commenced voluntary liquidation or dissolution, or attempts to commence or persecute an action or proceeding to liquidate its business or affairs, or to dissolve its corporate charter, or to procure the appointment of a receiver, trustee, custodian, or sequestrator under any law except this title; or (3) has not organized or completed its organization and obtained a certificate of authority as an insurer prior to the expiration or revocation of its solicitation permit.
V.I. Code tit. 22, § 1256 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 51 - Mergers, Rehabilitation, Liquidation|§ 1256. Liquidation order

 (a) An order to liquidate the business of a domestic insurer shall direct the Commissioner forthwith to take possession of the property of the insurer, to liquidate its business, to deal with the insurer's property and business in his own name as Commissioner or in the name of the insurer as the court may direct, to give notice to all creditors who may have claims against the insurer to present such claims. (b) The Commissioner may apply under this chapter for an order dissolving the corporate existence of a domestic insurer— (1) upon his application for an order of liquidation of such insurer, or at any time after such order has been granted; or (2) upon the grounds specified in paragraph (3) of section 1255 of this title regardless of whether an order of liquidation is sought or has been obtained.
V.I. Code tit. 22, § 1257 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 51 - Mergers, Rehabilitation, Liquidation|§ 1257. Alien insurer's liquidation

 An order to liquidate the business of the United States branch of an alien insurer having trusteed assets in this territory shall be in the same terms as those prescribed for domestic insurers, except that only the assets of the business of such United States branch shall be included therein.
V.I. Code tit. 22, § 1258 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 51 - Mergers, Rehabilitation, Liquidation|§ 1258. Conservation of assets—Foreign insurers

 The Commissioner may apply to the District Court for an order directing him to conserve the assets within this territory of a foreign insurer upon any one or more of the following grounds: (1) upon any of the grounds specified in paragraphs (1) to (9), inclusive, of section 1253 of this title and in paragraph (2) of section 1255 of this title; (2) that its property has been sequestrated in its domiciliary sovereignty or in any other sovereignty.
V.I. Code tit. 22, § 1259 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 51 - Mergers, Rehabilitation, Liquidation|§ 1259. —Alien insurers

 The Commissioner may apply to the District Court for an order directing him to conserve the assets within this territory of an alien insurer upon any one or more of the following grounds: (1) upon any of the grounds specified in paragraphs (1) to (9), inclusive, of section 1253 of this title and in paragraph (2) of section 1255 of this title; (2) that the insurer has failed to comply, within the time designated by the Commissioner, with an order of the Commissioner pursuant to law to make good an impairment of its trusteed funds; or (3) that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere.
V.I. Code tit. 22, § 1260 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 51 - Mergers, Rehabilitation, Liquidation|§ 1260. Conservation order, ancillary proceedings

 (a) An order to conserve the assets of a foreign or alien insurer shall direct the Commissioner forthwith to take possession of the property of the insurer within this territory and to conserve it, subject to the further direction of the court. (b) Whenever a domiciliary receiver is appointed for any such insurer in its domiciliary state which is also a reciprocal state, as defined in section 1261 of this title, the court shall on application of the Commissioner appoint the Commissioner as the ancillary receiver in this territory, subject to the provisions of the Uniform Insurers Liquidation Act as set out in sections 1261–1268, inclusive, of this title.
V.I. Code tit. 22, § 1262 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 51 - Mergers, Rehabilitation, Liquidation|§ 1262. Delinquency proceedings—Domestic insurers

 (a) Whenever under the laws of this territory a receiver is to be appointed in delinquency proceedings for an insurer domiciled in this territory, the court shall appoint the Commissioner as such receiver. The court shall direct the Commissioner forthwith to take possession of the assets of the insurer and to administer the same under the orders of the court. (b) As domiciliary receiver the Commissioner shall be vested by operation of law with the title to all of the property, contracts, and rights of action, and all of the books and records of the insurer wherever located, as of the date of entry of the order directing him to rehabilitate or liquidate a domestic insurer, or to liquidate the United States branch of an alien insurer domiciled in this territory, and he shall have the right to recover the same and reduce the same to possession; except that ancillary receivers in reciprocal states shall have, as to assets located in their respective states, the rights and powers which are hereinafter prescribed for ancillary receivers appointed in this territory as to assets located in this territory. (c) The filing or recording of the order directing possession to be taken or a certified copy thereof, in the office where instruments affecting title to property are required to be filed or recorded shall impart the same notice as would be imparted by a deed, bill of sale, or other evidence of title duly filed or recorded. (d) The Commissioner as domiciliary receiver shall be responsible on his official bond for the proper administration of all assets coming into his possession or control. The court may at any time require an additional bond from him if deemed desirable for the protection of the assets. (e) Upon taking possession of the assets of an insurer the domiciliary receiver shall, subject to the direction of the court, immediately proceed to conduct the business of the insurer or to take such steps as are authorized by the laws of this territory for the purpose of liquidating, rehabilitating, reorganizing, or conserving the affairs of the insurer.
V.I. Code tit. 22, § 1263 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 51 - Mergers, Rehabilitation, Liquidation|§ 1263. —Foreign insurers

 (a) Whenever under the laws of this territory an ancillary receiver is to be appointed in delinquency proceedings for an insurer not domiciled in this territory, the court shall appoint the Commissioner as ancillary receiver. The Commissioner shall file a petition requesting the appointment (1) if he finds that there are sufficient assets of such insurer located in this territory to justify the appointment of an ancillary receiver, or (2) if ten or more persons resident in this territory having claims against such insurer file a petition with the Commissioner requesting the appointment of such ancillary receiver. (b) The domiciliary receiver for the purpose of liquidating an insurer domiciled in a reciprocal state shall be vested by operation of law with the title to all of the property, contracts, and rights of action, and all of the books and records of the insurer located in this territory, and he shall have the immediate right to recover balances due from local agents and to obtain possession of any books and records of the insurer found in this territory. He shall also be entitled to recover the other assets of the insurer located in this territory except that upon the appointment of an ancillary receiver in this territory, the ancillary receiver shall during the ancillary receivership proceedings have the sole right to recover such other assets. The ancillary receiver shall, as soon as practicable, liquidate from their respective securities those special deposit claims and secured claims which are proved and allowed in the ancillary proceedings in this territory, and shall pay the necessary expenses of the proceedings. All remaining assets he shall promptly transfer to the domiciliary receiver. Subject to the foregoing provisions the ancillary receiver and his deputies shall have the same powers and be subject to the same duties with respect to the administration of such assets as a receiver of an insurer domiciled in this territory. (c) The domiciliary receiver of an insurer domiciled in a reciprocal state may sue in this territory to recover any assets of such insurer to which he may be entitled under the laws of this territory.
V.I. Code tit. 22, § 1264 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 51 - Mergers, Rehabilitation, Liquidation|§ 1264. Claims of nonresidents against domestic insurer

 (a) In a delinquency proceeding begun in this territory against an insurer domiciled in this territory, claimants residing in reciprocal states may file claims either with the ancillary receivers, if any, in their respective states, or with the domiciliary receiver. All such claims must be filed on or before the last date fixed for the filing of claims in the domiciliary delinquency proceedings. (b) Controverted claims belonging to claimants residing in reciprocal states may either (1) be proved in this territory as provided by law, or (2), if ancillary proceedings have been commenced in such reciprocal states, may be proved in those proceedings. In the event a claimant elects to prove his claim in ancillary proceedings, if notice of the claim and opportunity to appear and be heard is afforded the domiciliary receiver of this territory as provided in section 1265 of this title with respect to ancillary proceedings in this territory, the final allowance of such claim by the courts in the ancillary state shall be accepted in this territory as conclusive as to its amount, and shall also be accepted as conclusive as to its priority, if any, against special deposits or other security located within the ancillary state.
V.I. Code tit. 22, § 1265 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 51 - Mergers, Rehabilitation, Liquidation|§ 1265. Claims of residents against foreign insurer

 (a) In a delinquency proceeding in a reciprocal state against an insurer domiciled in that state, claimants against such insurer, who reside within this territory may file claims either with the ancillary receiver, if any, appointed in this territory, or with the domiciliary receiver. All such claims must be filed on or before the last date fixed for the filing of claims in the domiciliary delinquency proceeding. (b) Controverted claims belonging to claimants residing in this territory may either (1) be proved in the domiciliary state as provided by the law of that territory, or (2), if ancillary proceedings have been commenced in this territory, be proved in those proceedings. In the event that any such claimant elects to prove his claim in this territory, he shall file his claim with the ancillary receiver in the manner provided by the law of this territory for the proving of claims against insurers domiciled in this territory, and he shall give notice in writing to the receiver in the domiciliary state, either by registered mail or by personal service at least 40 days prior to the date set for hearing. The notice shall contain a concise statement of the amount of the claim, the facts on which the claim is based, and the priorities asserted, if any. If the domiciliary receiver, within 30 days after the giving of such notice, shall give notice in writing to the ancillary receiver and to the claimant, either by registered mail or by personal service, of his intention to contest such claim, he shall be entitled to appear or to be represented in any proceeding in this territory involving the adjudication of the claim. The final allowance of the claim by the courts of this territory shall be accepted as conclusive as to its amount, and shall also be accepted as conclusive as to its priority, if any, against special deposits or other security located within this territory.