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§ 1159 — 1159 — U.S. Virgin Islands Law | CourtGPT
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U.S. Virgin Islands Legal Code

1159

U.S. Virgin Islands § 1159 — U.S. Virgin Islands law

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The funds of a domestic title insurer, other than those representing its guaranty fund deposit, shall be invested as follows:\n(1) funds in amount not less than its required special reserve shall be kept invested in investments eligible for domestic life insurers;\n(2) other funds may be invested in—\n(A) the insurer's plant and equipment;\n(B) stocks and bonds of abstract companies when approved by the Commissioner; and\n(C) investments eligible for investment of funds of any domestic insurer.