405

(a) An application for registration as a provider must be in a form prescribed by the Lieutenant Governor.\n(b) Subject to adjustment of dollar amounts pursuant to section 432(f), an application for registration as a provider must be accompanied by:\n(1) the fee established by the Lieutenant Governor;\n(2) the bond required by section 413;\n(3) identification of all trust accounts required by section 422 and an irrevocable consent authorizing the Lieutenant Governor to review and examine the trust accounts;\n(4) evidence of insurance in the amount of $250,000:\n(A) against the risks of dishonesty, fraud, theft, and other misconduct on the part of the applicant or a director, employee, or agent of the applicant;\n(B) issued by an insurance company authorized to do business in the Virgin Islands and rated at least A or equivalent by a nationally recognized rating organization approved by the Lieutenant Governor;\n(C) with a deductible not exceeding $5,000;\n(D) payable for the benefit of the applicant, the Government of the Virgin Islands, and individuals who are residents of the Virgin Islands, as their interests may appear; and\n(E) not subject to cancellation by the applicant or

f the applicant, the Government of the Virgin Islands, and individuals who are residents of the Virgin Islands, as their interests may appear; and\n(E) not subject to cancellation by the applicant or the insurer until 60 days after written notice has been given to the Lieutenant Governor;\n(5)\n(A) proof of compliance with title 27 Virgin Islands Code, chapter 9;\n(B) a record consenting to the jurisdiction of the Virgin Islands containing;\n(C) the name, physical address, and other contact information of its registered agent in the Virgin Islands for purposes of service of process; or\n(D) the appointment of the Lieutenant Governor as agent of the provider for purposes of service of process; and\n(6) if the applicant is organized as a not-for-profit entity or is exempt from taxation under the Internal Revenue Code, 26 U.S.C. Section 501, evidence of not-for-profit status, tax-exempt status, or both, as applicable.