reglab/housing_qa huggingface dataset:
V.I. Code tit. 21, § 153 (2019)
2019 US Virgin Islands Code|Title 21 - Homesteads and Home Loans|Chapter 4 - Rent-to-Own Public Housing Conversion Program|§ 153. Resident involvement

 The Virgin Islands Housing Authority and the Virgin Islands Housing Finance Authority shall promote the sale of their respective housing stock to the tenants of public housing by developing and implementing homeownership plans. There may be one or more such plans, and the plans may be diversified to fit the individual needs of the prospective tenant-owners. Such plans shall be developed in consultation with an individual tenant-resident, an organized group of tenant residents, or a group of tenant residents who desire to organize for the purpose of purchasing public housing units. It is the purpose of this section to promote and require tenant involvement and participation in the full planning process for homeownership. It is the responsibility of the Authority to provide their respective tenants with the information needed to participate in the planning of a pathway to homeownership. A tenant or group of tenants may, at their option, elect to discontinue at any time the goal of purchasing a unit or units of public housing.
V.I. Code tit. 21, § 154 (2019)
2019 US Virgin Islands Code|Title 21 - Homesteads and Home Loans|Chapter 4 - Rent-to-Own Public Housing Conversion Program|§ 154. Homeownership training

 The Virgin Islands Housing Finance Authority and the Virgin Islands Housing Authority shall provide their respective tenants with appropriate counseling and training for each step of implementation along a pathway to homeownership. The training shall include, but not be limited to, instruction in the meaning of terms and phrases ordinarily used in the financing and purchasing of a home. There shall be counseling in financing and maintenance responsibilities. An explanation shall be provided of the meaning of fee simple ownership or any other selected method of title, as well as the rights and responsibilities of condominium and cooperative entities. The Authority shall provide training and counseling to such tenant or group of tenants as requested in the consultation required in Section 153 of this chapter, if such request is relevant to the plan for homeownership.
V.I. Code tit. 21, § 155 (2019)
2019 US Virgin Islands Code|Title 21 - Homesteads and Home Loans|Chapter 4 - Rent-to-Own Public Housing Conversion Program|§ 155. Property that may be sold

 All housing stock of Virgin Islands Housing Finance Authority or the Virgin Islands Housing Authority may be sold to tenants under the terms and conditions of this chapter, provided that such stock is sold pursuant to a plan that is approved by the U. S. Department of Housing and Urban Development, in the case of the Authority. No property may be sold that is not in good and habitable condition. New units may be sold under an approved plan. Renovated or reconditioned units must have a remaining useful life that is sufficient to justify the purchase plan.
V.I. Code tit. 21, § 156 (2019)
2019 US Virgin Islands Code|Title 21 - Homesteads and Home Loans|Chapter 4 - Rent-to-Own Public Housing Conversion Program|§ 156. Purchaser eligibility

 Public housing stock may be sold to persons who meet the following eligibility requirements: (a) has been a tenant of public housing for not less than 30 days immediately prior to the sale; provided, however, that residents of public housing with the longest tenure shall be given priority in the sale of public housing units; (b) has made application for homeownership under an approved plan; (c) qualifies as a low-income family and has not purchased low or moderate income housing under this chapter or any other existing housing program available in the territory; (d) is current in all of their rental or lease obligations for a period of not less than six months prior to the conveyance of title; (e) has completed not less than 15 hours of instruction in the responsibilities of homeownership, which instruction has been provided without charge by the Authority or the Department; (f) has met minimum income requirements that will enable the homeowner to meet his financial obligations; and (g) shall be a first-time purchaser.
V.I. Code tit. 21, § 157 (2019)
2019 US Virgin Islands Code|Title 21 - Homesteads and Home Loans|Chapter 4 - Rent-to-Own Public Housing Conversion Program|§ 157. Methods of sale

 An approved plan for conversion of public housing units to private ownership by the tenants of public housing may include any viable economic method of sale and transfer of title. The plan shall give a first priority preference to the current occupant of any unit offered for sale. No tenant of public housing shall be moved from the unit he currently occupies because such unit is declared available for sale, unless the occupant voluntarily elects to move to another unit. Under the terms of the Homeownership program of the United States Housing Act of 1937, as amended, units of public housing may be offered at less than fair market value to the tenants of public housing. The economic viability of an approved conversion plan need not include any requirement that the buyer or buyers repay part or all of the outstanding mortgage on the public housing units, if such mortgage or other form of debt is held by the Government of the United States, provided that the forgiveness of such debt is approved by the Government of the United States in its acceptance of the housing conversion plan. No debt of the Government of the Virgin Islands that is secured by the assets of the public housing units to be sold shall be forgiven or assumed without such security, if the forgiveness or the assumption undermines the bond rating of the Government of the Virgin Islands. Nothing in this chapter shall prohibit the sale or conveyance of property by the Authority to the tenants of public housing through approved housing purchase plans that include a first or second mortgage held by the Authority that is ultimately forgiven if the purchaser qualifies for such forgiveness under the terms contained in the approved plan. Such forgiveness may be conditioned on the purchaser meeting financial responsibilities for a term agreed upon, limiting the resale to qualified buyers, or prohibiting the resale for a period of time necessary to protect against windfall profits to the purchaser.
V.I. Code tit. 21, § 158 (2019)
2019 US Virgin Islands Code|Title 21 - Homesteads and Home Loans|Chapter 4 - Rent-to-Own Public Housing Conversion Program|§ 158. Limits on resale of property

 If a unit of public housing is sold to an initial purchaser at less than fair market value, the homeownership plan shall include appropriate measures to preclude realization by the initial purchaser of windfall profits on resale of the property, provided, however that any restriction as to the time period on resale shall not exceed five years from the date of the conveyance of title. The sale of public housing is intended to benefit those tenants. It is not intended that an approved homeownership plan would allow developers or other outside buyers to profit from the favorable terms adopted for the tenant/purchasers of the units. The protection against windfall profits required by this section may be achieved by any method approved under the terms and conditions of the United States Housing Act, as amended, and any of the Rules and Regulations pertaining thereto.
V.I. Code tit. 21, § 159 (2019)
2019 US Virgin Islands Code|Title 21 - Homesteads and Home Loans|Chapter 4 - Rent-to-Own Public Housing Conversion Program|§ 159. Maintenance reserve

 In order to insure the long-term success of this conversion housing program, a non-routine maintenance reserve shall be required for all multifamily properties sold under an approved homeownership plan pursuant to this chapter. The purpose of the reserve shall be to protect the interests of the homeowner and his property, including but not limited to, replacement costs, litigation expenses, and non-routine maintenance. The amounts set aside for this reserve shall take into account the ability of each individual homeowner to meet the reserve requirements. The terms of the reserve shall be included in the homeownership plan and shall be determined after consultation with the tenant/purchasers.
V.I. Code tit. 21, § 160 (2019)
2019 US Virgin Islands Code|Title 21 - Homesteads and Home Loans|Chapter 4 - Rent-to-Own Public Housing Conversion Program|§ 160. Replacement housing

 It is recognized that not all tenants of public housing will qualify for home ownership. Some who qualify may elect not to purchase units of public housing. Additional public housing will be required in the future to replace the units sold to tenants. To meet the need, the Authority shall develop replacement plans. If necessary, a funding commitment shall be obtained from the U. S. Department of Housing and Urban Development or other source. All funds realized in the sale of public housing units in excess of the costs of the homeownership plans developed and approved pursuant to this chapter shall be committed to the purchase of replacement public housing units.
V.I. Code tit. 22, § 1 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 1 - General Provisions|§ 1. Scope of title

 All insurance and insurance transactions in this territory, or affecting subjects located wholly or in part or to be performed within this territory, and all persons having to do therewith are governed by this title; and where there is a conflict or inconsistency between this title and any other law, this title governs.
V.I. Code tit. 22, § 2 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 1 - General Provisions|§ 2. Public interest

 The business of insurance is one affected by the public interest, requiring that all persons be actuated by good faith, abstain from deception, and practice honesty and equity in all insurance matters. Upon the insurer, the insured, and their representatives rests the duty of preserving inviolate the integrity of insurance.
V.I. Code tit. 22, § 3 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 1 - General Provisions|§ 3. Insurance defined

 “Insurance” is a contract whereby one party undertakes to indemnify another for loss, damage, or liability, or to pay or provide a specified or ascertainable benefit, upon determinable contingencies.
V.I. Code tit. 22, § 4 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 1 - General Provisions|§ 4. Insurer defined

 “Insurer”, as used in this title, means a corporation or association which is engaged as principal in the business of making contracts of insurance, but shall not include an insurance broker acting as a broker.
V.I. Code tit. 22, § 5 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 1 - General Provisions|§ 5. Insurance transaction defined

 “Insurance transaction” includes any— (1) solicitation; (2) negotiations preliminary to execution; (3) execution of an insurance contract; (4) transaction of matters subsequent to execution of the contract and arising out of it, except the investigation and adjustment of or litigation on any claim in this territory arising out of an insurance contract issued by an unauthorized insurer which is represented in such investigation, adjustment, or litigation solely by an adjuster or attorney at law in his professional capacity; and; (5) insuring.
V.I. Code tit. 22, § 6 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 1 - General Provisions|§ 6. United States defined

 “United States” when used in this title to signify place, means the states and territories of the United States, other than this territory where pertinent, and the District of Columbia and the Commonwealth of Puerto Rico.
V.I. Code tit. 22, § 7 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 1 - General Provisions|§ 7. Penalties

 In addition to any other penalty provided in this title, violation of any provision of this title or of any order, rule, or regulation issued by the Commissioner pursuant to this title is punishable by a fine of not less than $500 nor more than $2,000, or by imprisonment.
V.I. Code tit. 22, § 8 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 1 - General Provisions|§ 8. Particular provisions prevail

 Provisions of this title relating to a particular kind of insurance or a particular type of insurer or to a particular matter prevail over provisions relating to insurance in general or insurers in general or to such matter in general.
V.I. Code tit. 22, § 51 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 3 - Insurance Commissioner|§ 51. Insurance Commissioner

 (a) As used throughout this title, “Commissioner” means the Lieutenant Governor of the Virgin Islands serving as the Commissioner of Insurance and “Division” means the Division of Banking, Insurance and Financial Regulation. (b) Commissioner of Insurance, the Division as established in chapter 3, section 32 of title 3 of the Virgin Islands Code, is administered by the Lieutenant Governor of the Virgin Islands as the Commissioner of Insurance.
V.I. Code tit. 22, § 52 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 3 - Insurance Commissioner|§ 52. Bonding of Commissioner

 The Commissioner shall be bonded, with a good and sufficient surety, to be approved by the Governor, in an amount not less than $5,000 conditioned that he faithfully account for and dispose of any funds received into his custody or control as Commissioner, in accordance with applicable law. The premiums on such fidelity bond shall be paid by the Government of the Virgin Islands.
V.I. Code tit. 22, § 53 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 3 - Insurance Commissioner|§ 53. General powers and duties

 (a) The Commissioner shall have the authority expressly conferred upon him by or reasonably implied from the provisions of this title. (b) The Commissioner shall execute his duties and shall enforce the provisions of this title. (c) The Commissioner may— (1) adopt regulations and increase fees necessary to carry out the administration of this title; (2) conduct investigations to determine whether any person has violated any provision of this title; (3) conduct examinations, investigations and hearings, in addition to those specifically provided for, which are useful and proper for the efficient administration of any provision of this title; (4) employ such personnel and incur such expenses as may be necessary in the discharge of his duties as imposed by law, and shall fix the compensation of such employees; (5) issue subpoenas, examine persons, administer oaths and require production of papers and records; and (6) issue orders as authorized by or necessary to administer and carry out the purpose of this title. (d) It is unlawful during the term in office or while employed with the Division for the Commissioner, Director or any employee of the Division to be an officer, director organizer, employee of or attorney for, or otherwise be directly or indirectly interested in any insurance company or insurance business in the Territory, except as a policyholder.
V.I. Code tit. 22, § 53a (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 3 - Insurance Commissioner|§ 53a. Review of rates

 (a) The Commissioner may review any health property or casualty insurance rate to determine if there is an actuarial basis for it and if it is supported by actual and credible loss and expense statistics or, if new coverage, by reasonable projections of losses and expenses. Pre-approval of rates is not required, but the Commissioner shall be notified 30 days in advance of the effective date of any rate increase. (b) If the Commissioner determines that there is not sufficient evidence to justify a new rate, he may disallow the rate increase. The reason for the rejection must be in writing. An aggrieved carrier may demand a hearing pursuant to this chapter to reconsider the ruling and may appeal from the Commissioner's order refusing a hearing or an order on hearing to the District Court. The appeal must be taken within 30 days.
V.I. Code tit. 22, § 54 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 3 - Insurance Commissioner|§ 54. Orders; notices

 (a) Orders of the Commissioner shall not be effective unless made in writing and signed by him or by his authority. Every order shall contain a concise statement of the grounds upon which it is based. (b) Every notice required to be given by the Commissioner to any person shall— (1) be in writing in detail sufficient reasonably to inform the person of the action taken or proposed; and (2) designate the provisions of this title pursuant to which action is so taken or proposed; and (3) state the grounds for such action. (c) An order or a notice may be given by delivery to the person to be ordered or notified or by mailing it, postage prepaid, addressed to him at his residence or principal place of business as last of record in the Commissioner's office.
V.I. Code tit. 22, § 55 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 3 - Insurance Commissioner|§ 55. Enforcement

 (a) The Commissioner may prosecute an action in any court of competent jurisdiction to enforce any order made by him pursuant to any provision of this title. (b) If the Commissioner has cause to believe that any person has violated any penal provision of this title or of other laws relating to insurance he shall certify the facts of the violation to the Attorney General of the Virgin Islands. (c) If the Commissioner has cause to believe that any person is violating or is about to violate any provision of this title or any order of the Commissioner, he may bring an action in any court of competent jurisdiction to enjoin the person from continuing the violation or doing any action in furtherance thereof. (d) The Attorney General shall prosecute or defend all proceedings brought pursuant to the provisions of this title when requested by the Commissioner.
V.I. Code tit. 22, § 56 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 3 - Insurance Commissioner|§ 56. Records

 (a) The Commissioner shall preserve in permanent form records of his proceedings, hearings, investigations, and examinations, and shall file such records in his office. (b) The records of the Commissioner and insurance filings in his office shall be open to public inspection, except as otherwise provided in this title. (c) Five years after conclusion of transactions to which they relate, the Commissioner may destroy any correspondence, claim files, working papers of examinations of insurers, reports of examination of insurers by insurance supervisory officials of other jurisdictions, void or obsolete filings relating to rates, license applications, cards, and records, expired bonds, records of hearings, investigations, and any similar records, documents, or memoranda now or hereafter in his possession. (d) Ten years after the year to which they relate, the Commissioner may destroy any foreign or alien insurer's annual statements, valuation reports, tax reports, or similar records or reports now or hereafter in his possession. (e) The Commissioner shall concurrently execute and file in a separate, permanent office file a certificate listing and giving a summary description of the records, files, documents, memoranda, as they are destroyed.
V.I. Code tit. 22, § 57 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 3 - Insurance Commissioner|§ 57. Certificates; copies; evidentiary effect

 (a) Any certificate or license issued by the Commissioner shall bear the seal of his office. (b) Copies of records or documents in his office certified to by the Commissioner shall be received as evidence in all courts in the same manner and to the same effect as if they were the originals. (c) When required for evidence in court, the Commissioner shall furnish his certificate as to the authority of an insurer or other licensee in this territory on any particular date, and the court shall receive the certificate in lieu of the Commissioner's testimony.
V.I. Code tit. 22, § 58 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 3 - Insurance Commissioner|§ 58. Interstate cooperation

 (a) The Commissioner shall to the extent he deems useful for the proper discharge of his responsibilities under the provisions of this title— (1) consult and cooperate with the public officials having supervision over insurance in the states of the United States; (2) share jointly with states in the employment of actuaries, statisticians, and other insurance technicians whose services or the products thereof are made available and are useful to the participating states and to the Commissioner. (3) share jointly with states in establishing and maintaining offices and clerical facilities for purposes useful to the participating states and to the Commissioner. (b) All arrangements made jointly with states under items (2) and (3) of subsection (a) of this section shall be in writing executed on behalf of this territory by the Commissioner. Any such arrangement, as to participation of this territory therein, shall be subject to termination by the Commissioner at any time upon reasonable notice. (c) For the purposes of this title “National Association of Insurance Commissioners” means that voluntary organization of the states, districts, and territories of the United States, whatever other name such organization may hereafter adopt, and in the affairs of which each of such public officials is entitled to participate subject to the constitution and bylaws of such organization.
V.I. Code tit. 22, § 59 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 3 - Insurance Commissioner|§ 59. Supplies; convention blanks

 The Commissioner shall purchase at the expense of the government and in the manner provided by law— (1) printing, books, reports, furniture, equipment, and supplies as he deems necessary to the proper discharge of his duties under this title; (2) “convention form” insurers' annual statement blanks, which he may purchase from any printer manufacturing the forms for the various states.
V.I. Code tit. 22, § 60 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 3 - Insurance Commissioner|§ 60. Annual report

 The Commissioner shall as early each year as accurate preparation enables, transmit to the Legislature and to the Governor a report of his official transactions during the preceding calendar year, containing for the year reported— (1) a list of all insurers authorized to transact insurance in this territory, showing for each insurer its name, location, date of incorporation, date of admission into this territory, capital funds and kinds of insurance transacted; (2) tabulated abstracts of the annual statements of all authorized insurers as filed with the Commissioner; (3) a statement as to insurers whose authority to transact insurance in this territory was terminated, the reasons for each termination, and if for insolvency the amount of the insurer's assets and liabilities as latest ascertained; (4) a statement of his receipts and the sum of his expenditures; and (5) his recommendations for amendment of this title, and such additional information and recommendations relative to insurance as he deems proper.