reglab/housing_qa huggingface dataset:
V.I. Code tit. 22, § 757 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 757. Application for examination

 (a) Unless exempt pursuant to section 765 of this chapter, a resident individual applying for an insurance producer license or an adjuster license shall take and pass a written examination about the Territory’s insurance law. This requirement does not apply to: (1) applicants for a license as a nonresident insurance producer or adjuster who are duly licensed in another state and have fulfilled qualification requirements in their state of residence and who the Commissioner determines is fully qualified and competent; (2) applicants for a producer or adjuster license covering the same kinds of insurance as a producer or adjuster license then held by them in the Virgin Islands; or (3) applicants who have maintained a continuous license in the Virgin Islands in a similarly qualified area for the five-year period immediately preceding the date of application and who the Commissioner considers to be fully qualified and competent. (b) The examination described in subsection (a) is required for the following lines of authority: (1) lines of authority set forth in section 759(a); and (2) any other line of authority designated by the Commissioner unless exempt under section 765. (c) The examination tests the knowledge of the individual concerning the lines of authority for which application is made, the duties and responsibilities of an insurance producer or adjuster and the insurance laws and regulation of the Virgin Islands. (d) Examinations must be developed and conducted under regulations prescribed by the Commissioner. (1) The Commissioner may make arrangements, including contracting with an outside testing service, for administering examinations and collecting the fee. (2) Each individual applying for an examination shall remit a non-refundable fee as prescribed by the Commissioner. (3) An individual who fails to appear for the examination as scheduled or fails to pass the examination may reapply for an examination and remit all required fees and forms before being rescheduled for another examination. (4) The Commissioner may require a waiting period of reasonable duration before giving a new examination to an applicant who has failed a previous similar examination. (e) The Commissioner shall prepare, or approve, and make available a manual specifying in general terms the subjects that may be covered in any examination for a particular license. (f) Applicants for the renewal of licenses in force on the effective date of this title, or issued thereafter are not required to take an examination except as provided in subsection (g). (g) The Commissioner may at any time require any licensed insurance producer or adjuster to take and successfully pass an examination testing competence and qualifications as a condition to the continuance or renewal of a license, if the licensee has been found in violation of this title, or has so conducted his or her affairs under the license as to cause the Commissioner reasonably to desire further evidence of qualifications.
V.I. Code tit. 22, § 760 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 760. Broker’s authority

 (a) A broker’s license must be issued to cover all lines of insurance. The Commissioner may not issue a broker’s license limited to a particular line of insurance. (b) A broker is not an agent or other representative of an insurer and may not bind the insurer upon any risk or with reference to any insurance contract. (c) An insurer or agent has the right to pay a broker licensed under this title, or under the laws of any other jurisdiction, and the broker has the right to receive from the insurer or agent, the customary commissions upon insurances placed with the insurer by the broker.
V.I. Code tit. 22, § 761 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 761. Agent-broker combinations

 A licensed agent may be licensed as a broker and be a broker as to insurers for which he is not then licensed as agent. A licensed broker may be licensed as and be an agent as to insurers appointing him as agent. The sole relationship between a broker and an insurer as to which he is licensed as an agent shall, as to transactions arising during the existence of such agency appointment, be that of insurer and agent.
V.I. Code tit. 22, § 762 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 762. Solicitor

 (a) The Commissioner shall issue a solicitor’s license only upon application by the applicant and the request of the agent or broker to be represented, upon such forms as the Commissioner shall prescribe and furnish. (b) The fee for issuance or renewal of a solicitor’s license must be paid by the agent or broker by whom the solicitor is employed. (c) The solicitor’s license must be delivered to and remain in the possession of the employing agent or broker. Upon termination of such employment, the license terminates and must be returned to the Commissioner for cancellation. (d) A solicitor’s license may not cover any kind of insurance for which the agent or broker by whom the applicant is employed is not then licensed. (e) A solicitor may not have power to bind an insurer upon or with reference to any risk or insurance contract, or to countersign insurance contracts. (f) Any individual while licensed as a solicitor may not be licensed as an agent or broker. (g) All business transacted by a solicitor under the solicitor’s license must be in the name of the agent or broker by whom the solicitor is employed and the agent or broker is responsible for all acts or omissions of the solicitor within the scope of the solicitor’s employment.
V.I. Code tit. 22, § 764 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 764. Reciprocity

 (a) The Commissioner shall waive any requirement for a nonresident license applicant with a valid license from the applicant’s home state except the requirements imposed by section 763 if the applicant’s home state awards nonresident licenses to residents of the Virgin Islands on the same basis. (b) A nonresident insurance producer’s satisfaction of the home state’s continuing education requirements for licensed insurance producers constitutes satisfaction of the Virgin Islands continuing education requirements if the non-resident insurance producer’s home state recognizes the satisfaction of its continuing education requirements imposed upon insurance producers from the Virgin Islands on the same basis.
V.I. Code tit. 22, § 765 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 765. Exemption from examination

 (a) An individual who applies for an insurance producer license in the Virgin Islands who was previously licensed for the same lines of authority in another state is not required to complete any pre-licensing education or examination of the Virgin Islands. This exemption is available only if the person is currently licensed in that state or if the application received not later than 90 days after the cancellation of the applicant’s previous license and if the prior state issues a certification that, at the time of cancellation, the applicant was in good standing in that state or the state’s producer database records, maintained by the NAIC, its affiliates or subsidiaries, indicate that the producer is or was licensed in good standing for the line of authority requested. (b) A person licensed as an insurance producer in another state who moves to the Virgin Islands shall make application not later than 90 days after establishing legal residence to become a resident licensee pursuant to section 758. No pre licensing education or examination is required of that person to obtain any line of authority previously held in the prior state, except where the Commissioner determines otherwise by regulation. (c) Applicants for an insurance producer license acting as a title agent shall, prior to the issuance the such license, personally take and pass to the satisfaction of the Commissioner an examination given by the Commissioner as a test of the applicant’s qualification and competence, but this requirement does not apply to attorneys licensed to practice law.
V.I. Code tit. 22, § 766 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 766. Producer to file for change of address

 (a) If a person licensed as an insurance producer under section 758 changes the person’s address within the Virgin Islands, the person shall, not later than 30 days after making that change, file a change of address with the Commissioner or the Commissioner’s designee. (b)  (1) If a person licensed as an insurance producer under this section changes the person’s home state, the person, not later than 30 days after making that change, shall file a change of address with the Commissioner and provide the Commissioner with certification from the new home state. (2) If a resident insurance producer complies with paragraph (1) of this subsection and the producer is in good standing with the Commissioner, the producer’s license must be changed to that of a nonresident license after paying a filing fee of $50. The Commissioner may increase the fee upon 30 days’ notice to the public in accordance with title 22 regulations. No license application is required. A change in the residency status of an insurance producer license does not change the license renewal date established by the initial licensure under section 759. (3) Any person violating this section is liable for a fine of not to exceed $500.
V.I. Code tit. 22, § 767 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 767. Separate licenses

 (a) The Commissioner may license an individual concurrently as an independent adjuster and as a public adjuster. A separate application is required for each type of adjuster license. The full license fee must be paid for each license. (b) An adjuster has authority under the license only to investigate or report to the adjuster’s principal upon claims on behalf only of the insurers, if licensed as an independent adjuster. An adjuster licensed concurrently as an independent and a public adjuster may not represent both the insurer and the insured in the same transaction. (c) A non-resident, independent adjuster who enters the Virgin Islands for the adjustment of a single loss, or of losses arising out of a catastrophe common to all such losses, shall formally register with the Office of the Commissioner of Insurance. The Commissioner may establish and amend from time to time, a schedule of fees for such registration. (d) No Virgin Islands license is required of a nonresident independent adjuster for the adjustment in the Virgin Islands of a single loss or of losses arising out of a catastrophe common to all such losses.
V.I. Code tit. 22, § 768 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 768. Public adjuster’s bond

 (a) Prior to the issuance of a license as a public adjuster, the applicant shall file with the Commissioner and shall maintain in force while so licensed a surety bond in favor of the people of the Virgin Islands, executed by an authorized corporate surety approved by the Commissioner, in the amount of $5,000. The bond may be continuous in form, and total aggregate liability on the bond may be limited to the payment of $5,000. The bond must be contingent on the accounting by the adjuster to any insured whose claim the adjuster is handling, for moneys or any settlement received in connection with the claim. (b) Any such bond remains in force until the surety is released from liability by the Commissioner, or until canceled by the surety. Without prejudice to any liability accrued prior to cancellation, the surety may cancel a bond upon 30 days advance notice in writing filed with the Commissioner. (c) A bond is required of any adjuster acting as a public adjuster as of the effective date of this title, or thereafter under any unexpired license issued.
V.I. Code tit. 22, § 769 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 769. Report of losses

 (a) Every adjuster who investigates any fire loss claim under any insurance contract covering property located in the Virgin Islands shall promptly report to the Commissioner any facts or circumstances found and from which he believes fraud has been committed or attempted. (b) Upon completing the adjustment of any fire loss requiring claim payments aggregating $500 or more, for damage to or destruction of property located in the Virgin Islands, under any policy or policies issued by an unauthorized insurer, an adjuster shall promptly report the details to the Commissioner, upon forms prescribed and furnished by the Commissioner. The report must state: (1) the names of the insurers and insured involved, (2) the amount of insurance on the property carried by each insurer, (3) the amount of the claim and the amount paid by each insurer, (4) the circumstances of the loss, and (5) other information as the Commissioner requests. (c) Upon the Commissioner’s request, each adjuster shall, in similar manner, report to the Commissioner relative to losses and claims investigated or adjusted, and arising under other insurance contracts issued by unauthorized insurers.
V.I. Code tit. 22, § 770 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 770. Continuing education courses and requirements

 (a)  (1) Producers are required to complete 24 credits of continuing education for each biennial compliance period. Three of the 24 credits must be in ethics. (2) The Commissioner shall by regulations establish minimum continuing education requirements for the renewal or reissuance of a license to an insurance producer. (b) The Commissioner shall require that continuing education courses are made available on a territory-wide basis to ensure that persons residing in all geographical areas of the Virgin Islands have a reasonable opportunity to attend courses in person or online. (c) The continuing education requirements must be appropriate to the license for the lines of authority specified in section 759(a) or by regulations.
V.I. Code tit. 22, § 773 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 773. Independent financial examination of each managing general agent

 (a) The insurer shall have on file, in a form acceptable to the Commissioner, an independent financial examination of each managing general agent with which it has done business. (b) If a managing general agent establishes loss reserves, the insurer shall obtain annually the opinion of an actuary attesting to the adequacy of loss reserves established for losses incurred and outstanding on business produced by the managing general agent. This annual opinion is in addition to any other required loss reserve certification. (c) The insurer shall conduct not less frequently than once a year an on-site review of the underwriting and claims processing operations of the managing general agent. (d) Binding authority for all reinsurance contracts or participation in insurance or reinsurance syndicates is vested in an officer of the insurer who is not affiliated with the managing general agent. (e) Not later than 30 days after entering into or terminating a contract with a managing general agent, the insurer shall provide written notification of the appointment or termination to the Commissioner. Notices of appointment of a managing general agent must include a statement of duties that the managing general agent is expected to perform on behalf of the insurer, the lines of insurance the managing general agent will manage, and any other information the Commissioner may request. (f) An insurer shall review its books and records each quarter to determine if any producer has become a managing general agent. If the insurer determines that a producer has become a managing general agent, the insurer, not later than 60 days, shall provide written notice of the determination to the producer and Commissioner. The insurer and producer shall comply with sections 771 to 774 not later than 30 days after receipt of the notice. (g) It is unlawful for any insurer to appoint to its board of directors, it’s managing general agent or an officer, director, employee, producer, or controlling shareholder of its managing general agent.
V.I. Code tit. 22, § 774 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 774. Acts of managing general agent deemed Acts of Insurer of examinations

 (a) The acts of a managing general agent are the acts of the insurer on whose behalf it is acting. (b) A managing general agent may be examined pursuant to chapter 5 of this title, as if it were the insurer. The managing general agent shall pay the expenses incurred in the conduct of the examination in accordance with section 107 of this title.
V.I. Code tit. 22, § 775 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 775. Assumed names and address

 (a) An insurance producer doing business under any name other than the producer’s legal name must seek approval from the Commissioner prior to using the assumed name. (b) Any person violating this section is liable for a fine not to exceed $500.
V.I. Code tit. 22, § 777 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 777. Hearing to determine administrative action modification

 (a) Upon written application of a person who was refused a license or whose license was not renewed or was revoked, or surrendered for cause under section 776, the Commissioner shall hold a hearing to determine whether the administrative action imposing the refusal, nonrenewal, revocation, or other administrative action should be modified, if all if the following conditions are met: (1) At least five years have elapsed since the date of the administrative action sought to be modified; (2) At least two years have elapsed since any previous request for a modification was made under this section; (3) The person is of good business repute and does not have a history of moral turpitude; (4) The person has made restitution for all pecuniary losses suffered by any person as a result of the conduct that gave rise to the administrative action; (5) The person has not been convicted of any felony or of any misdemeanor described in section 776, unless the conviction was the subject of a previous administrative action by the Commissioner; (6) The circumstances surrounding the previous violation are such that it is unlikely the person would commit such offenses in the future; and (7) The person’s character has been rehabilitated. (b) The burden of proof is on the person requesting the modification. (c) The modification of an order issued under section 54 of this title is at the discretion of the Commissioner. (d) The issuance of any license pursuant to a modification under this section is conditioned upon the successful completion of all pre licensing education or examination requirements. (e) For the purpose of this section, administrative action does not include suspension that cannot exceed 12 months.
V.I. Code tit. 22, § 778 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 778. Fine in lieu of license suspension, revocation, or refusal

 (a) Upon the hearing of an appeal from an order suspending, revoking, or refusing to renew any license issued, the court, if it finds that the licensee is guilty of violation of the law and if it finds the suspension, revocation, or refusal too severe a penalty under the facts as found, may impose a fine of not more than $10,000 in lieu thereof, and payment of the fine in full not more than 10 days after reinstates, restores or renews the license. The fine depends on the severity of the violation. (b) If it appears that a license of the licensee has been suspended, revoked, or refused for a similar prior or concurrent offense, the court shall not have jurisdiction to impose a fine.
V.I. Code tit. 22, § 779 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 779. Appointments

 (a)  (1) An insurance producer may not act as an agent of an insurer unless the insurance producer becomes an appointed agent of that insurer. (2) An insurance producer may not act as a solicitor of an agent or broker unless the insurance producer becomes an appointed solicitor of that agent or broker. (b)  (1) To appoint an insurance producer as its agent, the appointing insurer shall file, in a format approved by the Commissioner, a notice of appointment not more than 15 days after the date the agreement is executed. (2) To appoint an insurance producer as its solicitor, the appointing agent or broker shall file, in a format approved by the Commissioner, a notice of appointment not more than 15 days after the date the agreement is executed. (c) An insurer, or agent or broker shall pay an appointment fee, in the amount and method of payment as prescribed by the Commissioner or by regulation, for each agent appointed by the insurer or solicitor appointed by the agent or broker.
V.I. Code tit. 22, § 781 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 781. Records of agents, brokers, adjusters

 (a) Every producer or adjuster shall keep at the producer’s address as shown on the producer’s license, a record of all transactions consummated under the producer’s license. This record must be in organized form and must include: (1) if an agent or broker- (A) a record of each insurance contract procured, issued, or countersigned, together with the names of the insurers and insureds, the amount of insurance, the amount of premium paid or to be paid, and a statement of the subject of the insurance; and (B) the names of any other licensees from whom business is accepted, and of persons to whom commissions or allowances of any kind are promised or paid. (2) if an adjuster, a record of each investigation or adjustment undertaken or consummated, and a statement of any fee, commission, or other compensation received or to be received by the adjuster on account of such investigation or adjustment; and (3) such other and additional information as is customary, or as may reasonably be required by the Commissioner. (b) All records to any particular transaction must be kept available and open to the inspection of the Commissioner during all business hours during the five years immediately after the date of the completion of such transaction. (c) This section does not apply as to life or disability insurance.