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§ 1153 — 1153 — U.S. Virgin Islands Law | CourtGPT
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U.S. Virgin Islands Legal Code

1153

U.S. Virgin Islands § 1153 — U.S. Virgin Islands law

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If an insurer's guaranty fund deposit becomes impaired for any cause, the Commissioner shall forthwith give notice thereof to the insurer, requiring that the impairment be cured within 30 days after the date of the notice. If the impairment is not so cured, the Commissioner shall forthwith revoke the insurer's certificate of authority.