Regulatory AlertsInsurance Regulations (Revised 2020)
The Government of The Virgin Islands issued these revised regulations to consolidate statutory instruments governing the insurance sector as of January 2020. The document establishes detailed requirements for domestic business trusts, including asset maintenance, approved asset types, and trustee duties for specified foreign insurers. It further defines insurance business classes, residency criteria, and the regulatory framework for Lloyd’s syndicates operating within the jurisdiction.
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