Act 33-8182, B 16. An Act amending title 22 Virgin Islands Code, to add a new chapter 20a entitled "The Risk Management and Own Risk and Solvency Assessment Act" which meets the accreditation standards established by the National Association of Insurance Commissioners in its model laws and updates the insurance laws of the Virgin Islands of the United States placing them on par with other United States jurisdictions thereby affording greater and more effective protection to the policyholders in the Virgin Islands

Extract

Act 33-8182, B 16. An Act amending title 22 Virgin Islands Code, to add a new chapter 20a entitled "The Risk Management and Own Risk and Solvency Assessment Act" which meets the accreditation standards established by the National Association of Insurance Commissioners in its model laws and updates the insurance laws of the Virgin Islands of the United States placing them on par with other United States jurisdictions thereby affording greater and more effective protection to the policyholders in the Virgin Islands

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