§ 1693. Disposition of taxes and fees
All license fees, taxes on premiums and assessments, registration fees, and administrative fines and penalties collected under this chapter from associations shall be deposited to the Insurance Guaranty Fund of the Treasury of the Government of the Virgin Islands.
§ 1687. Service of process
Ambulance service associations shall be subject to service of process in the same manner and subject to the same terms and conditions, and fees as apply to insurers under chapter 9, sections 218 and 219 of this title.
§ 1688. Registration of sales representatives
Every association or insurer shall on forms prescribed by the Commissioner, register, on or before December 31st of each year, the name and business office address of each sales representative employed by it, and shall within 30 days after termination of the employment notify the Commissioner of such termination. Any sales representative employed subsequent to […]
§ 1689. Grounds for compulsory refusal, suspension, or revocation of registration of sales representative
The Commissioner shall deny, suspend, revoke, or refuse to renew the registration of any sales representative if it is found that, as to sales representatives, any one or more of the following grounds exist: (1) Material misstatement, misrepresentation, or fraud in registration. (2) Willful use of the registration to circumvent any of the requirements or […]
§ 1690. Grounds for discretionary refusal, suspension, or revocation of registration of sales representatives
The Commissioner may, in his discretion, deny, suspend, revoke, or refuse to renew the registration of any sales representative if it is found that the sales representative has committed any of the following acts under circumstances for which such denial, suspension, revocation, or refusal is not mandatory under section 1689 of this title: (1) Any […]
§ 1691. Refusal, suspension, or revocation of registration of sales representatives
(a) If any sales representative is convicted by a court of a violation of this chapter, the registration of such individual shall be deemed to be immediately revoked. (b) If after an investigation, or upon other evidence, the Commissioner has reason to believe that there may exist any one or more grounds, as such grounds […]
§ 1678. Levy upon deposit
No judgment creditor or other claimant of an association shall have the right to levy upon any of the assets or securities held in the territory as a deposit under section 1677 of this title.
§ 1679. Suspension or revocation of, or refusal to renew certificate of authority
(a) The Commissioner may, in his discretion, suspend, revoke, or refuse to renew the certificate of authority of any association if he finds that the association: (1) Has violated any lawful order, rule or regulation of this chapter. (2) Is in unsound financial condition so as to render its further transaction of business in the […]
§ 1680. Notice of suspension or revocation of certificate of authority
(a) The Commissioner shall promptly give notice of the suspension or revocation of the certificate of authority of an association to its sales representatives in the territory of record in the office of the Commissioner. (b) In his discretion, the Commissioner may cause notice of any such revocation to be published in one or more […]
§ 1681. Duration of suspension; obligations of association during suspension period; reinstatement
(a) The suspension of the certificate of authority of an association shall be for a period not to exceed one year, as specified by the Commissioner in the order of suspension. The Commissioner may subsequently shorten or rescind the order upon which the suspension is based. (b) During the period of suspension, the association shall […]