'Premium finance agreement' means a promissory note or other written agreement by which an insured promises or agrees to pay to, or to the order of, a premium finance company the amount advanced or to be advanced under the agreement to an insurer or to an insurance agent, in payment of premiums on an insurance contract, together with a service charge as authorized and limited by law.
U.S. Virgin Islands Legal Code
1622
U.S. Virgin Islands § 1622 — U.S. Virgin Islands law