No credit shall be allowed to any insurer, as an asset or as a deduction from liability for reinsurance ceded to an alien insurer, other than under a contract of ocean marine insurance, covering a subject of insurance resident, located, or to be performed in this territory unless the alien insurer—\n(1) is authorized to transact insurance in a state of the United States; and\n(2) maintains an adequate guaranty deposit in a state of the United States for the protection of its insurance obligees in the United States; or\n(3) has an attorney in fact resident in the United States upon whom service of legal process may be made.
U.S. Virgin Islands Legal Code
225
U.S. Virgin Islands § 225 — U.S. Virgin Islands law