reglab/housing_qa huggingface dataset:
V.I. Code tit. 22, § 782 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 782. Reporting and accounting for premiums, penalty

 (a) An agent or any other representative of an insurer involved in the procuring or issuance of an insurance contract shall report to the insurer the exact amount of consideration charged as premium for such contract, and the amount must likewise be shown in the contract and in the records of the agent. Each willful violation of this provision constitutes a misdemeanor. (b) All funds representing premiums, less commission, or return premiums received by a producer must be received in his fiduciary capacity, unless there is a separate agreement between him and the insurer. (c) Any producer who, not being lawfully entitled thereto, diverts or appropriates such funds or any portion thereof to the producer’s own use, must be punished as provided in the criminal statutes of the Territory.
V.I. Code tit. 22, § 783 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 783. Prohibition

 It is unlawful for managing general agent, insurer, or other person to violate, or fail to comply with any provision of sections 771, 772, 773, 774, 780, or 782 of this chapter.
V.I. Code tit. 22, § 784 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 784. Penalties for violations

 (a) If the Commissioner, after a hearing conducted in accordance with chapter 7 of this title, finds a violation of the types of infractions listed in section 753(e) of this chapter, the Commissioner may order any of the following: (1) for each separate violation committed by an insurer, managing general agent, or other person, a civil penalty in an amount of not more than $10,000, for each instance of such violation; (2) for a violation committed by a managing general agent or the producer of the managing general agent, revocation or suspension of the license of the managing general agent or the license of the producer; (3) for a violation committed by a managing general agent, reimbursement of the insurer or the rehabilitator or liquidator of the insurer by the managing general agent and by any officer, director, shareholder, or other representative or agent of the managing general agent who actually benefited from the violation, for any losses incurred by the insurer that were caused by the violation. (b) Any person violating this section may be imprisoned for not more than one year in addition to any other penalty or forfeiture under this section. (c) Nothing in this section affects the authority of the Commissioner to impose any other civil penalties or to initiate any other proceedings or remedies pursuant to the laws of the Virgin Islands.
V.I. Code tit. 22, § 785 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 785. Rights not limited or restricted

 Nothing in this chapter is intended, in any manner, to limit or restrict the rights of policyholders and claimants of any insurer on whose behalf a managing general agent is acting, or of auditors, accountants, examiners, or other persons that conduct examinations of insurers.
V.I. Code tit. 22, § 786 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 786. Reporting of actions

 (a) A producer shall report to the Commissioner any administrative action taken against the producer in another jurisdiction or by another governmental agency in the Virgin Islands not more than 30 days after the final disposition of the matter. This report must include a copy of the order, consent to order or other relevant legal documents. (b) Not later than 30 days after of the initial pretrial hearing date, a producer shall report to the Commissioner any criminal prosecution of the producer taken in any jurisdiction. The report must include a copy of the initial complaint filed, the order resulting from the hearing and any other relevant legal documents.
V.I. Code tit. 22, § 787 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 787. Service of process on nonresident agent or broker

 (a) Every nonresident agent or broker by obtaining a license in the Virgin Islands may be sued in the Virgin Islands in the district of the plaintiff’s property, residence or principal office or place of business upon any cause of action, arising out of or based upon any business or acts done or omitted to be done. (b) The Commissioner is the attorney in fact of a nonresident agent or broker for the purpose of being served with and accepting service of process in such suits, action or other proceedings. The summons or other process together with a certified copy of the complaint, or other pleading must be served upon the Commissioner in triplicate, and the Commissioner shall immediately mail a true copy registered mail with proper postage affixed properly addressed to the residence of the nonresident agent or broker. (c) The place of residence of a licensed nonresident agent or broker placed on file with the Commissioner is considered the place of residence until such agent or broker places on file with the Commissioner a written notice stating another place of residence. Upon such service of process, the court in which the action is filed is considered to have jurisdiction in personam, and the nonresident agent or broker has 40 days after the date of service upon the Commissioner to plead, answer, or otherwise defend the action. In any action in which the process is so served, the plaintiff shall pay the Commissioner the actual costs for service of process, which sum is be taxed as a part of the costs in the action if the plaintiff prevails. The Commissioner shall enter alphabetically in a process book, kept for that purpose, the name of plaintiff and defendant, the title and number, if any, of the cause in which process has been served upon him, and the day and hour when the service was made.
V.I. Code tit. 22, § 788 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 788. Compensation disclosure

 (a)  (1) Where any insurance producer or any affiliate of the producer receives any compensation from the customer for the placement of insurance or represents the customer with respect to that placement, neither that producer nor any affiliate shall accept or receive any compensation from an insurer or other third party for that placement of insurance unless the producer has, prior to the customer’s purchase of insurance: (A) obtained the customer’s documented acknowledgement that the compensation will be received by the producer or affiliate; (B) disclosed the amount of compensation from the insurer or other third party for that placement. If the amount of compensation is not known at the time of disclosure, the producer shall disclose the specific method for calculating the compensation and, if possible, a reasonable estimate of the amount. (2) Paragraph (1) does not apply to an insurance producer who: (A) does not receive compensation from the customer for the placement of insurance; and (B) in connection with that placement of insurance represents an insurer that has appointed the producer; and (C) discloses to the customer prior to the purchase of insurance: (i) that the insurance producer will receive compensation from an insurer in connection with that placement; or (ii) that, in connection with that placement of insurance, the insurance producer represents the insurer and that the producer may provide services to the customer for the insurer. (b) A person may not be considered a “customer” for purposes of this section if the person is merely: (1) a participant or beneficiary of an employee benefit plan; or (2) covered by a group or blanket insurance policy or group annuity contract sold, solicited or negotiated by the insurance producer or affiliate. (c) This section does not apply to: (1) A person licensed as an insurance producer who acts only as an intermediary between an insurer and the customer’s producer, for example a managing general agent, a sales manager, or wholesale broker; or (2) a reinsurance intermediary. (d) For purposes of this section: (1) “Affiliate” means a person who controls, is controlled by, or is under common control with the producer. (2) “Compensation from an insurer or other third party” means payments, commissions, fees, awards, overrides, bonuses, contingent commissions, loans, stock options, gifts, prizes or any other form of valuable consideration, whether or not payable pursuant to a written agreement. (3) “Compensation from the customer” may not include any fee or amount collected by or paid to the producer that does not exceed an amount established by the Commissioner. (4) “Documented acknowledgement” means the customer’s written consent obtained prior to the customer’s purchase of insurance. In the case of a purchase over the telephone or by electronic means for which written consent cannot reasonably be obtained, consent documented by the producer is acceptable.
V.I. Code tit. 22, § 789 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 789. Paying unlawful consideration

 (a) It is unlawful for an insurer or an insurance producer to pay a commission, service fee, brokerage fee, or other type of consideration for selling, soliciting, or negotiating insurance in the Virgin Islands, if the person is required to be licensed under this chapter but is not licensed. However, renewal or other deferred commissions may be paid to the person for selling, soliciting, or negotiating insurance in the Virgin Islands if the person was required to be licensed under this chapter at the time of the sale, solicitation, or negotiation and was so licensed at that time. (b) It is unlawful for an insurer or insurance producer to pay a referral fee or other compensation to an unlicensed person for any referral unless the compensation is a fixed dollar amount for each referral and does not depend on whether the person referred purchases an insurance product. (c) The Commissioner shall suspend or revoke the license of all licensees participating in any violation of this section or impose a fine.
V.I. Code tit. 22, § 790 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 790. Regulations

 The Commissioner may, in accordance with this title, promulgate reasonable regulations necessary or proper to carry out the purposes of this chapter.
V.I. Code tit. 22, § 791 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 791. Immunity

 The Commissioner, the Director, and employees of the Division of Banking and Insurance and Financial Regulation are immune from any civil liability while acting within the scope of this chapter.
V.I. Code tit. 22, § 792 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 792. Centralized agent License registry

 The Commissioner may participate, in whole or in part, with the NAIC or any of its affiliates or subsidiaries, in a centralized agent license registry in which insurance producers acting as agents appointments are centrally or simultaneously electronically stored for all states that require an agent to be licensed and that participate in the registry.
V.I. Code tit. 22, § 793 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 31 - Virgin Islands Insurance Producer and Adjuster Licensing|§ 793. Severability

 If any provision of this chapter, or the application of a provision to any person or circumstances is held invalid, the remainder of the provisions and the application of the provision to persons or circumstances other than those to which it is held invalid are not affected.
V.I. Code tit. 22, § 801 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 33 - The Insurance Contract|§ 801. Scope of chapter

 The applicable provisions of this chapter shall apply to insurances other than ocean marine and foreign trade insurances, but this chapter shall not apply to life or disability insurance policies not issued for delivery in this territory nor delivered in this territory.
V.I. Code tit. 22, § 802 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 33 - The Insurance Contract|§ 802. Power to contract

 (a) Any person of competent legal capacity may contract for insurance. (b) A minor fifteen (15) years of age or older may, notwithstanding such minority, contract for life or disability insurance on his own life or body, for his own benefit or for the benefit of his father, mother, spouse, child, brother, sister, or grandparent, and may exercise all rights and powers with respect to or under the contract as though of full legal age, and may surrender his interest therein and give a valid discharge for any benefit accruing or money payable thereunder. The minor shall not, by reason of his minority, be entitled to rescind, avoid, or repudiate the contract, or any exercise of a right or privilege thereunder, except, that such minor, not otherwise emancipated, shall not be bound by any unperformed agreement to pay, by promissory note or otherwise, any premium on any such insurance contract.
V.I. Code tit. 22, § 803 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 33 - The Insurance Contract|§ 803. Insurable interest—Personal insurances

 (a) Any individual of competent legal capacity may procure or effect an insurance contract upon his own life or body for the benefit of any person. But no person shall procure or cause to be procured any insurance contract upon the life or body of another individual unless the benefits under such contract are payable to the individual insured or his personal representatives, or to a person having, at the time when such contract was made, an insurable interest in the individual insured. (b) If the beneficiary, assignee or other payee under any contract made in violation of this section receives from the insurer any benefits thereunder accruing upon the death, disablement or injury of the individual insured, the individual insured or his executor or administrator, as the case may be, may maintain an action to recover such benefits from the person so receiving them. (c) “Insurable interest” as used in this section includes only interests as follows: (1) in the case of individuals related closely by blood or by law, a substantial interest engendered by love and affection; (2) in the case of other persons, a lawful and substantial economic interest in having the life, health or bodily safety of the individual insured continue, as distinguished from an interest which would arise only by, or would be enhanced in value by, the death, disablement or injury of the individual insured; and (3) an individual heretofore or hereafter party to a contract or option for the purchase or sale of an interest in a business partnership or firm, or of shares of stock of a close corporation or of an interest in such shares, has an insurable interest in the life of each individual party to such contract and for the purposes of such contract only, in addition to any insurable interest which may otherwise exist as to the life of such individual.
V.I. Code tit. 22, § 804 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 33 - The Insurance Contract|§ 804. —Property insurances

 (a) No contract of insurance on property or of any interest therein or arising therefrom shall be enforceable except for the benefit of persons having an insurable interest in the things insured. (b) “Insurable interest” as used in this section means any lawful and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage.
V.I. Code tit. 22, § 805 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 33 - The Insurance Contract|§ 805. Named insured

 When the name of a person intended to be insured is specified in the policy, such insurance can be applied only to his own proper interest. This section shall not apply to life and disability insurances.
V.I. Code tit. 22, § 806 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 33 - The Insurance Contract|§ 806. Application

 No life or disability insurance contract upon an individual, except a contract of group life insurance or of group or blanket disability insurance, as defined in this title, shall be made or effectuated unless at the time of the making of the contract the individual insured, being of competent legal capacity to contract, in writing applies therefor or consents thereto, except in the following cases: (1) a spouse may effectuate such insurance upon the other spouse; and (2) any person having an insurable interest in the life of a minor, or any person upon whom a minor is dependent for support and maintenance, may effectuate insurance upon the life of the minor.
V.I. Code tit. 22, § 807 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 33 - The Insurance Contract|§ 807. Alteration of application

 (a) Any application for insurance in writing by the applicant shall be altered solely by the applicant or by his written consent, except that insertions may be made by the insurer for administrative purposes only in such manner as to indicate clearly that such insertions are not to be ascribed to the applicant. Violation of this provision shall be a misdemeanor. (b) Any insurer issuing an insurance contract upon such an application unlawfully altered by its officer, employee, or agent shall not have available in any action arising out of such contract, any defense which is based upon the fact of such alteration, or as to any item in the application which was so altered.
V.I. Code tit. 22, § 808 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 33 - The Insurance Contract|§ 808. Application as evidence

 (a) No application for the issuance of any insurance policy or contract shall be admissible in evidence in any action relative to such policy or contract, unless a true copy of the application was attached to or otherwise made a part of the policy when issued and delivered. This provision shall not apply to policies or contracts of industrial life insurance. (b) If any policy of life or disability insurance delivered in this territory is reinstated or renewed, and the insured or the beneficiary or assignee of the policy makes written request to the insurer for a copy of the application, if any, for such reinstatement or renewal, the insurer shall, within fifteen days after receipt of such request at its home office or at any of its branch offices, deliver or mail to the person making such request, a copy of such application. If such copy is not so delivered or mailed, the insurer shall be precluded from introducing the application as evidence in any action or proceeding based upon or involving the policy or its reinstatement or renewal.
V.I. Code tit. 22, § 809 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 33 - The Insurance Contract|§ 809. Warranties and misrepresentations, effect of

 (a) Except as provided in subsection (b) of this section, no oral or written misrepresentation or warranty made in the negotiation of an insurance contract, by the insured or in his behalf, shall be deemed material or defeat or avoid the contract or prevent it attaching, unless the misrepresentation or warranty is made with the intent to deceive. (b) In any application for life or disability insurance made in writing by the insured, all statements therein made by the insured shall, in the absence of fraud, be deemed representations and not warranties. The falsity of any such statement shall not bar the right to recovery under the contract unless such false statement was made with actual intent to deceive or unless it materially affected either the acceptance of the risk or the hazard assumed by the insurer.
V.I. Code tit. 22, § 810 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 33 - The Insurance Contract|§ 810. Forms of policies; filing and approval

 (a) No insurance policy form other than surety bond forms, or application form where written application is required and is to be attached to the policy, or printed life or disability rider or endorsement form shall be issued, delivered, or used unless it has been filed with and approved by the Commissioner. This section shall not apply to policies, riders or endorsements of unique character designed for and used with relation to insurance upon a particular subject. (b) Every such filing shall be made not less than 30 days in advance of any such issuance, delivery, or use. At the expiration of such 30 days the form so filed shall be deemed approved unless prior thereto it has been affirmatively approved or disapproved by order of the Commissioner. The Commissioner may extend by not more than an additional 30 days the period within which he may so affirmatively approve or disapprove any such form, by giving notice of such extension before expiration of the initial 30-day period. At the expiration of any such period as so extended, and in the absence of such prior affirmative approval or disapproval, any such form shall be deemed approved. The Commissioner may withdraw any such approval at any time for cause. By approval of any such form for immediate use, the Commissioner may waive any unexpired portion of such initial 30-day waiting period. (c) The Commissioner's order disapproving any such form or withdrawing a previous approval shall state the grounds therefor. (d) No such form shall knowingly be so issued or delivered as to which the Commissioner's approval does not then exist. (e) The Commissioner may, by order, exempt from the requirements of this section for so long as he deems proper, any insurance document or form or type thereof as specified in such order, to which in his opinion this section may not practically be applied, or the filing and approval of which are, in his opinion, not desirable or necessary for the protection of the public.
V.I. Code tit. 22, § 811 (2019)
2019 US Virgin Islands Code|Title 22 - Insurance|Chapter 33 - The Insurance Contract|§ 811. Grounds for disapproval

 (a) The Commissioner shall disapprove any such form of policy, application, rider, or endorsement, or withdraw any previous approval thereof, only as follows: (1) if it is in any respect in violation of or does not comply with this title; (2) if it does not comply with any controlling filing theretofore made and approved; (3) if it contains or incorporates by reference any inconsistent, ambiguous or misleading clauses, or exceptions and conditions which unreasonably or deceptively affect the risk purported to be assumed in the general coverage of the contract; (4) if it has any title, heading, or other indication of its provisions which is misleading; or (5) if purchase of insurance thereunder is being solicited by deceptive advertising. (b) In addition to the grounds for disapproval of any such form as provided in subsection (a) of this section, the Commissioner may disapprove any form of disability insurance policy if the benefits provided therein are unreasonable in relation to the premium charged.