An insurer may invest or deposit any of its funds in share or savings accounts of savings and loan associations, or in savings accounts of banks, and in any one such institution only to the extent that such an account is insured by the Federal Savings and Loan Insurance Corporation or the Federal Deposit Insurance Corporation, unless such investment or deposit is with a bank or banks approved by the Commissioner as reputable and solvent.
U.S. Virgin Islands Legal Code
570
U.S. Virgin Islands § 570 — U.S. Virgin Islands law