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§ 1156 — 1156 — U.S. Virgin Islands Law | CourtGPT
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U.S. Virgin Islands Legal Code

1156

U.S. Virgin Islands § 1156 — U.S. Virgin Islands law

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(a) The securities comprising the guaranty fund deposit shall be held by the Commissioner of Finance as a special guaranty fund securing the faithful performance by the insurer of all its undertakings and liabilities as to any title guaranteed or insured by it.\n(b) Such deposit shall not be subject to any other liabilities of the insurer until after all its liabilities named in subsection (a) of this section have been discharged.