reglab/housing_qa huggingface dataset:
V.I. Code tit. 22, § 1531 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 60 - Third Party Administrators|§ 1531. Disclosure of charges and fees

 (a) When a TPA collects funds, the reason for collection of each item must be identified to the insured party, and each item must be shown separately from any premium. Additional charges may not be made for services to the extent the services have been already paid for by the payor. (b) The TPA shall disclose to the payor all charges, fees and commissions that the TPA receives arising from services it provides for the payor, including any fees or commissions paid by payors providing reinsurance or stop-loss insurance.
V.I. Code tit. 22, § 1532 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 60 - Third Party Administrators|§ 1532. Delivery of materials to covered individuals

 Any policies, certificates, booklets, termination notices, or other written communications delivered by the payor to the TPA for delivery to insured parties or covered individuals must be delivered by the TPA promptly after receipt of instructions from the payor to deliver them. All policies, certificates, booklets, termination notices or other written communications must conform to any rules and regulations promulgated by the Commissioner and the provisions of this title.
V.I. Code tit. 22, § 1534 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 60 - Third Party Administrators|§ 1534. Bond requirement for TPAs

 (a) Every applicant for a TPA license shall file with the application and maintain while so licensed, a fidelity bond in favor of the Government of the Virgin Islands executed by a surety company and payable to any party injured under the terms of the bond. The bond must be continuous and in one of the following amounts: (1) for a TPA that maintains a TPATFA but does not maintain a CASA, the greater of $50,000 or 5 percent of contributions and premiums projected to be received or collected in the TPATFA for the forthcoming plan year from Virgin Islands residents, but not to exceed $1,000,000; (2) for a TPA that maintains a CASA but does not maintain a TPATFA, the greater of $50,000 or 5 percent of the claims and claim expenses projected to be held in the CASA for the forthcoming year to pay claims and claim expenses for Virgin Islands residents, but not to exceed $1,000,000; and (3) for a TPA that maintains both a TPATFA and a CASA, the greater amount in paragraphs (1) or (2), but not to exceed $1,000,000. (b) Notwithstanding paragraphs (1), (2), and (3) of subsection (a), upon an administrative finding by the Commissioner that the amounts prescribed in one or more of the paragraphs provide inadequate protection to the public, the Commissioner may, by regulation, prescribe higher amounts. A bond is required of a TPA who maintains or should maintain funds in a fiduciary capacity as set forth in sections 1527, 1528 and 1529, unless the TPA has contracted with the insurer as a TPA and if the plan is fully insured by the insurer on whose behalf the funds are being held. (c) The bond remains valid until the surety is released from liability by the Commissioner or until the bond is cancelled by the surety. The surety may cancel the bond and be released from further liability upon 30 days” advance written notice to the Commissioner. The cancellation does not affect any liability incurred or accrued under the bond before the end of the 30-day period. Upon receipt of any notice of cancellation, the Commissioner shall immediately notify the licensee of the cancellation. (d) The license required by section 1533 automatically terminates if the bond required is cancelled or otherwise not valid. Not later than 30 days after cancellation or invalidity of the bond, the TPA shall return the license to the Commissioner for cancellation.
V.I. Code tit. 22, § 1535 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 60 - Third Party Administrators|§ 1535. Registration requirement

 A person who is not required to be licensed as a TPA under this chapter and who directly or indirectly underwrites, collects charges or premiums from, or adjusts or settles claims on residents of the Virgin Islands, only in connection with life, annuity or health coverage provided by a self-funded plan other than a governmental or church plan, shall register with the Commissioner annually, verifying its status as described in this section. This section does not apply to an insurer or to an individual performing these actions as an employee of an insurer. This section also does not apply to a person performing these actions under contract to or as an employee of a TPA.
V.I. Code tit. 22, § 1536 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 60 - Third Party Administrators|§ 1536. Standards for license issuance and approval of registration

 The Commissioner may issue a license to an applicant or approve an application for registration as a TPA if the Commissioner finds that the applicant meets the standards established by this chapter including, but not limited to, the following: (1) All of the materials required by this chapter or by the Commissioner have been filed; (2) The persons responsible for conducting the applicant’s affairs are competent, trustworthy and possess good reputations, and have appropriate experience, training and education; (3) The applicant has demonstrated the ability to assure that its services will be performed in a manner which will ensure the efficient operation of its business, including appropriate financial controls; (4) The standard contract forms to be used by the applicant are acceptable; (5) The applicant has adequate financial arrangements with the benefits payors for which it will perform its services and adequate arrangements for complying with the provisions of this chapter; (6) The compensation arrangements made between the applicant and benefits payors do not result in the assumption of financial risk by the applicant; (7) The bond requirement in section 1534 is met; and (8) In the case of an applicant for registration, the provisions of § 1533 subsections (d), (e) and (f) apply only to services provided by the applicant to benefits payors other than an insurer.
V.I. Code tit. 22, § 1537 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 60 - Third Party Administrators|§ 1537. Annual report and filing fee

 (a) Each TPA licensed under section 1533 shall file an annual report in duplicate originals for the preceding calendar year with the Commissioner on or before March 31 of each year, or within such extension of time as the Commissioner for good cause may grant. The report must be in the form prescribed by the Commissioner and must contain such additional information and attachments as the Commissioner determines necessary including, but not limited to, a disaggregation of all health insurance premiums received and claim payments made by the TPA from all other premiums and payments. The annual reports must include an audited financial statement audited by an independent certified public accountant. An audited financial or annual report prepared on a consolidated basis must include a columnar consolidating or combining worksheet that must be filed with the report and include the following: (1) Amounts shown on the consolidated audited financial report must be shown on the worksheet; (2) Amounts for each entity must be stated separately, and (3) Explanations of consolidating and eliminating entries must be included. The report must be verified by at least two officers of the TPA. (b) The annual report must include the complete names and addresses of all payors with whom the TPA had agreements during the preceding fiscal year. (c) At the time of filing its annual report, the TPA shall pay a filing fee as required by the Commissioner. (d) The Commissioner shall review the most recently filed annual report of each TPA on or before September 1 of each year. Upon completion of its review, the Commissioner shall either: (1) issue a certification to the TPA that the annual report shows that the TPA has a positive net worth as evidenced by audited financial statements and is currently licensed and in good standing, or noting any deficiencies found in that annual report and financial statements; or (2) update any electronic database maintained by the NAIC, its affiliates or subsidiaries, indicating that the annual report shows that the TPA has a positive net worth as evidenced by audited financial statements and complies with existing law, or noting any deficiencies found in the annual report.
V.I. Code tit. 22, § 1538 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 60 - Third Party Administrators|§ 1538. Examinations

 (a) The Commissioner or the Commissioner’s designee may examine the records of any applicant or holder of a TPA license. (b) Any TPA or applicant being examined shall provide to the Commissioner or the Commissioner’s designee convenient and free access during business hours to all books, records, documents and other papers relating to the TPA’s or applicant’s business affairs. (c) The Commissioner or the Commissioner’s designee may question under oath any employee, contractor or payor about the business practices of the TPA. (d) The examiners designated by the Commissioner to conduct the examination may make reports to the Commissioner. Any report alleging substantive violations of this chapter must be in writing and must be verified by the examiners.
V.I. Code tit. 22, § 1540 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 60 - Third Party Administrators|§ 1540. Administrative fine

 (a) If the Commissioner finds that one or more grounds exist for the revocation or suspension of a license issued under this chapter, the Commissioner may, in lieu of, or in addition to such suspension or revocation, impose a fine upon the TPA. (b) The Commissioner may impose a fine upon a TPA not to exceed $5,000 for each violation for knowingly and willfully violating an order of the Commissioner. In no event, may the fine exceed an aggregate amount of $25,000 for any violations arising out of the same action.
V.I. Code tit. 22, § 1541 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 60 - Third Party Administrators|§ 1541. Judicial review

 Any person aggrieved by an order of the Commissioner may appeal to the appropriate court in accordance with the appeals procedures set forth in chapter 7 of this title.
V.I. Code tit. 22, § 1542 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 60 - Third Party Administrators|§ 1542. Unauthorized activities

 Nothing in this chapter may be construed to permit any person or entity to receive or collect charges, contributions or premiums for, or adjust or settle claims in connection with any type of life or health benefit, unless that person or entity may through the insurance laws of a state or territory, or the Employee Retirement Income Security Act of 1974, 29 U.S.C. § 1001, et seq., as amended (ERISA), provide benefits.
V.I. Code tit. 22, § 1543 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 60 - Third Party Administrators|§ 1543. Felony convictions

 Any TPA or any individual listed on the application as required by section 1533 who is convicted of a felony, must, not later than 30 days after the entry date of the judgment: (1) report the conviction to the Commissioner, and (2) provide the Commissioner with a copy of the judgment, the probation or commitment order and any other relevant documents.
V.I. Code tit. 22, § 1544 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 60 - Third Party Administrators|§ 1544. Regulations

 Pursuant to the authority vested in the Commissioner in chapter 3, of this title the Commissioner may issue regulations for the proper administration and functioning of the provisions of this chapter.
V.I. Code tit. 22, § 1621 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 61 - Premium Finance Companies and Agreements|§ 1621. Premium finance company defined

 (a) An “insurance premium finance company” is: (1) A person engaged, in whole or in part, in the business of acquiring premium finance agreements with insureds; or (2) A person engaged, in whole or in part, in the business of acquiring premium finance agreements from other premium finance companies. (b) Credit unions, banks, savings and loan associations, and other lending institutions or their federally chartered counterparts are exempt from the provisions of this chapter. (c) The inclusion of a charge for insurance on a bona fide sale of goods or services on installments is not subject to the provisions of this chapter.
V.I. Code tit. 22, § 1622 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 61 - Premium Finance Companies and Agreements|§ 1622. Premium finance agreement defined

 “Premium finance agreement” means a promissory note or other written agreement by which an insured promises or agrees to pay to, or to the order of, a premium finance company the amount advanced or to be advanced under the agreement to an insurer or to an insurance agent, in payment of premiums on an insurance contract, together with a service charge as authorized and limited by law.
V.I. Code tit. 22, § 1623 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 61 - Premium Finance Companies and Agreements|§ 1623. License required

 (a) No person shall engage in the business of a premium finance company unless licensed by the Commissioner of Insurance. Every premium finance company under the provisions of this chapter shall maintain at all times a net worth of $100,000. However, in lieu of having a net worth of $100,000, a premium finance company may file a surety bond or other acceptable collateral with the Commissioner in the amount of $100,000. (b) The application for a license shall be in writing and in the form prescribed by the Commissioner. Every applicant shall provide proof of a net worth of $100,000. Assets to be used in computing the required net worth shall be determined by rules adopted by the Commissioner. (c) A single license shall entitle the holder to operate more than one office. (d) At the time of filing an application for a license, the applicant shall pay to the Commissioner the license fee and, upon original application or upon application subsequent to denial of application, or revocation, suspension or surrender of a license, an investigation fee. (e) Such license shall state the name and address of the licensee, and a copy shall be kept conspicuously posted in each office of the licensee and shall not be transferable or assignable. (f) Prior to moving an existing office to another location, a licensee shall notify the Commissioner in writing of its intention to do so.
V.I. Code tit. 22, § 1624 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 61 - Premium Finance Companies and Agreements|§ 1624. Levy on deposit

 No judgment creditor or other claimant of a premium finance company shall have the right to levy upon any of the assets or securities held in the Territory as a deposit under section 1623 of this title.
V.I. Code tit. 22, § 1625 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 61 - Premium Finance Companies and Agreements|§ 1625. Approval, disapproval of application; license renewal

 (a) The Commissioner shall issue the license, unless he finds that the management of the premium finance company filing the application is so lacking in managerial experience as to make the proposed operation hazardous or injurious to the public or unless he has good reason to believe the management of the premium finance company is affiliated directly or indirectly through ownership, control, or in other business relations with any person whose business operations are or have been marked as detrimental to the public, to policy-holders, stockholders, investors, or creditors by manipulation of assets or of accounts or by bad faith. (b) If the Commissioner refuses to issue a license, he shall notify the applicant of the denial and return to the applicant the sum paid as a license fee, but shall retain the investigation fee to cover the costs of investigating the applicant. (c) Each license shall remain in force until December 31st of the year for which issued, unless earlier surrendered, suspended, or revoked, and may be renewed for the ensuing year upon the filing of an application. If an application for renewal is filed with the Commissioner before January 1 of any year, the license sought to be renewed shall be continued in force until the issuance by the Commissioner of the renewal license applied for, or until 5 days after the Commissioner refuses to renew the license. (d) The Commissioner shall not issue or renew a license to any premium finance company that fails to present, at the time of application for the license or renewal, an affidavit signed by an authorized officer of the Virgin Islands Bureau of Internal Revenue, affirming that the applicant has filed and paid, or has satisfactorily made agreement to pay, all outstanding taxes, penalties and interest.
V.I. Code tit. 22, § 1626 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 61 - Premium Finance Companies and Agreements|§ 1626. Grounds for refusal, suspension or revocation of license

 (a) The Commissioner may deny, suspend, revoke, or refuse to renew any license, if he finds: (1) That the licensee has failed to pay the annual license fee or any sum of money lawfully demanded under the authority of any other section of this chapter or has failed to comply with any order of the Commissioner. (2) That the licensee has violated any provision of this chapter or any rule or regulation of the Commissioner. (3) That any fact or condition exists which, if it had existed at the time of the original application, clearly would have warranted a refusal to issue the license. (4) Material misstatement, misrepresentation, or fraud in obtaining the license, or in attempting to obtain the license. (5) That the license is being willfully used, or is to be used, to circumvent any of the requirements or prohibitions of this title. (6) Willful misrepresentation of any premium finance contract or willful deception with regard to any such contract, accomplished either in person or by any form of dissemination of information. (7) A demonstrated lack of fitness or trustworthiness. (8) Fraudulent or dishonest practices in the conduct of business. (9) Misappropriation, conversion, or unlawful withholding of moneys belonging to insurers, insureds, or beneficiaries or to others and received in the conduct of business. (10) That the licensee has been found guilty of, or has pleaded guilty to a felony in the Territory or any other state. (b) A licensee may surrender a license by delivering to the Commissioner written notice that it thereby surrenders such license, but such surrender shall not affect the licensee's civil or criminal liability for acts committed prior to the surrender. (c) No revocation, suspension, or surrender of a license shall impair or affect the obligation of any insured under any lawful premium finance agreement previously acquired or held by the licensee. (d) Every license issued shall remain in force and effect until it has been surrendered, revoked, or suspended or expires in accordance with the provisions of this chapter, but the Commissioner shall have authority to reinstate a suspended license or to issue a new license to a licensee whose license has been revoked, if no fact or condition then exists which clearly would have warranted the Commissioner's refusal originally to issue such license under this chapter.
V.I. Code tit. 22, § 1627 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 61 - Premium Finance Companies and Agreements|§ 1627. Administrative fine and probation

 The Commissioner may, in his discretion, in lieu of a suspension, revocation, or refusal to renew or continue any license, impose on the licensee an administrative penalty or place such licensee on probation.
V.I. Code tit. 22, § 1628 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 61 - Premium Finance Companies and Agreements|§ 1628. Examinations

 (a) The Commissioner may conduct examinations and investigations of premium finance companies under the provisions of chapter 5 of this title. (b) As often as it is deemed necessary and not less frequently than every three years, the Commissioner shall examine each licensed premium finance company. The examination shall be for the purpose of ascertaining compliance by the person examined with the applicable provisions of this title.
V.I. Code tit. 22, § 1629 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 61 - Premium Finance Companies and Agreements|§ 1629. Excessive premium finance charge; penalty

 Any person, premium finance company, or other legal entity who or which knowingly takes, receives, reserves, or charges a premium finance charge other than that authorized by this chapter shall forfeit the entire premium finance charge to which such person, premium finance company, or legal entity would otherwise be entitled; and any person who has paid such unlawful finance charge may personally or by his legal or personal representative, by suit for recovery thereof, recover from such person, premium finance company, or legal entity, twice the entire amount of the premium finance charge paid.
V.I. Code tit. 22, § 1630 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 61 - Premium Finance Companies and Agreements|§ 1630. Licensee's books and records; reports

 (a) The licensee shall keep and use in his business such books, accounts, and records as will enable the Commissioner to determine whether the licensee is complying with the provisions of this chapter and with the regulations pertaining thereto. Every licensee shall preserve books, accounts, and records, including cards used in a card system, if any, for at least five years after making the final entry in respect to any premium finance agreement recorded; however, the preservation of photographic reproductions of records in photographic form shall constitute compliance with this requirement. (b) Each licensee shall annually, on or before March 1, file a report with the Commissioner giving such information as the Commissioner may require. The report shall be made under oath and in the form prescribed by the Commissioner and shall be accompanied by the annual report filing fee. The Commissioner may make and publish annually, an analysis and recapitulation of such reports. In addition, the Commissioner may require such additional regular or special reports as are deemed necessary.
V.I. Code tit. 22, § 1631 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 61 - Premium Finance Companies and Agreements|§ 1631. Rebates and inducements prohibited

 No premium finance company, officer, director, or employee shall offer to pay or allow in any manner to any person, either as inducement to the financing of any insurance policy with the premium finance company or after any such policy has been financed, any rebate, or shall give or offer to give any valuable consideration or inducement of any kind directly or indirectly, other than an article of merchandise not exceeding $1 in value which advertises the premium finance company.
V.I. Code tit. 22, § 1632 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 61 - Premium Finance Companies and Agreements|§ 1632. Filing and approval of forms; service charges

 (a) No premium finance agreement form or related form shall be used in the territory by a premium finance company unless it has been filed with and approved by the Commissioner. Every filing shall be made within 30 days of issuance or use. (b) Each premium finance company shall file with the Commissioner the service charge and interest rate plan, including all modifications. Every filing shall be made within 30 days of its effective date. (c) Each filing shall be accompanied by the appropriate filing fee.