The Commissioner of Finance may designate any solvent trust company or other solvent financial institution having trust powers domiciled in this territory, as the Commissioner of Finance's depositary to receive and hold any such deposit of a domestic or foreign insurer, or of an alien insurer for which this territory is the port of entry into the United States. Any deposit so held shall be at the expense of the insurer.
U.S. Virgin Islands Legal Code
706
U.S. Virgin Islands § 706 — U.S. Virgin Islands law