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Home » US Law » 2019 US Virgin Islands Code » Title 22 - Insurance » Chapter 45 - Surety Insurance

§ 1101. Requirements deemed met by surety insurer

Whenever by law or by rule of any court, public official, or public body, any surety bond, recognizance, obligation, stipulation or undertaking is required or is permitted to be given, any such bond, recognizance, obligation, stipulation, or undertaking which is otherwise proper and the conditions of which are guaranteed by an authorized surety insurer, or […]

§ 1102. Fiduciary bonds, premium as lawful expense

Any fiduciary required by law to give bonds, may include a part of his lawful expense to be allowed by the court or official by whom he was appointed, the reasonable amount paid as premium for such bonds to the authorized surety insurer or to the surplus line surety insurer which issued or guaranteed such […]

§ 1103. Judicial bonds, premium as part of recoverable costs

In any proceeding the party entitled to recover costs may include therein such reasonable sum as was paid to such surety insurer as premium for any bond or undertaking required therein, and as may be allowed by the court having jurisdiction of such proceeding.

§ 1104. Official bonds, payment of premiums

The premium for bonds given by such surety insurers for appointive elective public officers and for such of their deputies or employees as are required to give bond shall be paid by the Government of the Virgin Islands.