Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 577 — 577 — U.S. Virgin Islands Law | CourtGPT
  1. Home/
  2. Laws/
  3. U.S. Virgin Islands/
  4. Title 22/
  5. Chapter 23/
  6. 577
U.S. Virgin Islands Legal Code

577

U.S. Virgin Islands § 577 — U.S. Virgin Islands law

Ask AI about this
An insurer shall not invest or have invested at any one time more than 65 percent of its assets in investments in real estate, real estate contracts, and notes, bonds and other evidences of debt, secured by mortgage on real estate, as described in sections 561 and 566 of this title. Any insurer which, on the effective date of this title, has in excess of 65 percent of its assets so invested shall not make any further such investments while such excess exists.