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§ 3 — 3 — U.S. Virgin Islands Law | CourtGPT
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U.S. Virgin Islands Legal Code

3

U.S. Virgin Islands § 3 — U.S. Virgin Islands law

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'Insurance' is a contract whereby one party undertakes to indemnify another for loss, damage, or liability, or to pay or provide a specified or ascertainable benefit, upon determinable contingencies.