How Do I Get an Insurance License in the U.S. Virgin Islands?

The first step in obtaining your insurance license(s) in the U.S. Virgin Islands is to decide on types of policies you want to sell. The U.S Virgin Islands allows you to sell the following policies: Life, Accident & Health or Sickness, Variable Life and Variable Annuities, Property, Casualty, Personal Lines, Car Rental, Credit, Travel, Surety, and Title. Just know that you cannot apply for, or hold, Property or Casualty insurance licenses at the same time. When you’re done deciding which licence(s) you want to apply for, you’ll need to study for the exam(s). You’ll take one exam for each line of insurance you wish to carry. After completing your exam(s), you can apply for your license. If you have more than one line of authority that you have taken the education for, be sure to apply for all of those lines. Once you have submitted your application and passed your exams, your license application will be reviewed by the state. For more information about the process, please contact the Virgin Islands Division of Banking, Insurance and Financial Regulation at 340-774-7166 or email <a href="mailto:Gail.danet-joseph@lgo.vi.gov">Gail.danet-joseph@lgo.vi.gov</a>.

How Do I Get a State Adjuster License in the U.S. Virgin Islands?

<span data-sheets-value="{"1":2,"2":"The first step in obtaining your insurance license(s) in the U.S. Virgin Islands is to decide on types of policies you want to sell. The U.S Virgin Islands allows you to sell the following policies: Life, Accident & Health or Sickness, Variable Life and Variable Annuities, Property, Casualty, Personal Lines, Car Rental, Credit, Travel, Surety, and Title. Just know that you cannot apply for, or hold, Property or Casualty insurance licenses at the same time. When you’re done deciding which licence(s) you want to apply for, you’ll need to study for the exam(s). You’ll take one exam for each line of insurance you wish to carry.\n\nAfter completing your exam(s), you can apply for your license. If you have more than one line of authority that you have taken the education for, be sure to apply for all of those lines. Once you have submitted your application and passed your exams, your license application will be reviewed by the state.\n\nFor more information about the process, please contact the Virgin Islands Division of Banking, Insurance and Financial Regulation at 340-774-7166 or email Gail.danet-joseph@lgo.vi.gov."}" data-sheets-userformat="{"2":513,"3":{"1":0},"12":0}">The first step in obtaining your insurance license(s) in the U.S. Virgin Islands is to decide on types of policies you want to sell. The U.S Virgin Islands allows you to sell the following policies: Life, Accident & Health or Sickness, Variable Life and Variable Annuities, Property, Casualty, Personal Lines, Car Rental, Credit, Travel, Surety, and Title. Just know that you cannot apply for, or hold, Property or Casualty insurance licenses at the same time. When you’re done deciding which licence(s) you want to apply for, you’ll need to study for the exam(s). You’ll take one exam for each line of insurance you wish to carry. After completing your exam(s), you can apply for your license. If you have more than one line of authority that you have taken the education for, be sure to apply for all of those lines. Once you have submitted your application and passed your exams, your license application will be reviewed by the state. For more information about the process, please contact the Virgin Islands Division of Banking, Insurance and Financial Regulation at 340-774-7166 or email Gail.danet-joseph@lgo.vi.gov.

How Do I renew My Non-Resident Adjuster License in U.S. Virgin Islands?

Limited information is available for Non-Resident Adjuster License renewal in the U.S. Virgin Islands. Please contact the Lieutenant Governor of The United States Virgin Islands for more information. For more information, contact the Office of the Lieutenant Governor: Phone: 340-773-6449 (St. Croix); 340-774-2991 (St. Thomas/St. John) Website: https://ltg.gov.vi/ Address (St. Croix): 1131 King Street, Suite 101, Christiansted, St. Croix, Virgin Islands 00820 Address (St. Thomas/St. John): 5049 Kongens Gade, St. Thomas, Virgin Islands, 00802

How Do I Renew My Adjuster License In U.S. Virgin Islands?

Limited information is available for Adjuster License renewal in the U.S. Virgin Islands. Please contact the Lieutenant Governor of The United States Virgin Islands for more information. For more information, contact the Office of the Lieutenant Governor: Phone: 340-773-6449 (St. Croix); 340-774-2991 (St. Thomas/St. John) Website: https://ltg.gov.vi/ Address (St. Croix): 1131 King Street, Suite 101, Christiansted, St. Croix, Virgin Islands 00820 Address (St. Thomas/St. John): 5049 Kongens Gade, St. Thomas, Virgin Islands, 00802

U.S. Virgin Islands Insurance Licensing & Regulatory Compliance Updates

Appointments & Terminations

Appoint agencies?

Yes

Adjuster appointments via NIPR?

No

Appointment effective date can be specified?

No

Appointment effective date rule

The system date

Termination reasons

Voluntary termination; inadequate production; cancelled by general agent; death; company defunct or liquidation; company indebtedness; poor policyholder service; agent moved; appointed in error; cancelled; cancelled for cause; company merger; revoked; suspended for compliance; request regulatory review

Termination date can be specified by carrier?

No

Termination Effective date rule

Date effective date is the system date

Licensing

Initial individual new license fee

Resident New License Insurance Producer Fee: $400 (plus $50 per additional LOA) Resident New License Surplus Lines Broker Fee: $500 Nonresident New License Insurance Producer Fee: $700 (plus $50 per additional LOA) Nonresident New License Surplus Lines Broker Fee: $500

License renewal fee

Resident: Insurance Producer Renewal Fee: $200 Late Renewal Fee: $400 Independent Adjuster Renewal Fee: $250 Late Renewal Fee: $500 Managing General Agent Renewal Fee: $450 Late Renewal Fee: $900 Medical Air Representative Renewal Fee: $150 Late Renewal Fee: $300 Public Adjuster Renewal Fee: $250 Late Renewal Fee: $500 Solicitor Renewal Fee: $200 Late Renewal Fee: $400 Surplus Lines Broker Renewal Fee: $500 Late Renewal Fee: $1000 Insurance Producer Renewal Fee: $400 Late Renewal Fee: $800 Managing General Agent Renewal Fee: $450 Late Renewal Fee: $900 Surplus Lines Broker Renewal Fee: $500 Late Renewal Fee: $1000

When does the resident individual producer license renewal period begin?

92 days before expiration

What is the resident individual producer license renewal date?

Last day of birth month every 2 years based on year of first state license issue

Late renewal or reinstatement period for resident individual producer license?

Late renewal allowed up to one year after expiration

When does the nonresident individual producer license renewal period begin?

92 days before expiration

What is the nonresident individual producer license renewal date?

Dec. 31 annually

Late renewal or reinstatement period for nonresident individual producer license?

Late renewal allowed up to one year after expiration

Can a producer use a P.O. Box in their resident or business address?

No

Are individuals required to list their county as part of the address?

No

What addresses are required for individual license maintenance?

Business and Mailing

State individual licenses include

Agent, Managing General Agent, Third Party Administrator, Surplus Lines Broker, Solicitor, Property and Casualty, Broker, Independent Adjuster, Public Adjuster, Insurance Producer, Medical Air Representative, Emergency Independent Adjuster

State broker license rule

Included in Producer License Class. Insurers are not required to appoint Brokers per NAIC PLMA

Broker license notes

A licensed agent may: A. be licensed as a broker; and B. be a broker as to insurers for which he/she is not then licensed as agent. A licensed broker may be licensed as and be an agent as to insurers appointing him/her as agent

Requires pre licensing courses?

No

Agency

Can a sole proprietor be licensed as an entity?

Yes

DRLP must have active state license

Yes

DRLPs must cumulatively cover all LOAs in application

No

Agency Licensing renewals

License is perpetual as long as agent in charge is licensed.

Agency License required?

Yes

Affiliations: Indicates if producers selling on behalf of/through an entity must be formally affiliated with that entity and if the entity must notify the department of changes

Not required, but the agency can only transact business for the lines of authority their agents are licensed and appointed for.

Branch office

License not required but branch must be registered

Adjuster

Requires adjuster license?

Yes

Independent adjuster LOAS

No LOA required

Independent adjuster fees

Licensing Fee: $500 Reinstatement Fee: $500 Renewal Fee: $250 Late Renewal Fee: $500

Independent adjuster exam required?

Yes

Independent adjuster renewal date

Annually, on December 31st. Renewal period is Oct. 1st - Dec. 31st.

Independent adjuster details

DRLP required for business entities.

Emergency adjuster details

Licensing Fee: $300.00 Reinstatement Fee: $300.00

Continuing Education

Regulatory Updates

Virgin Islands Gets Update to Appointments and Terminations

On 2/10/2023 the SSN requirement will be removed Appointment and Terminations for individuals for the US Virgin Islands. The NPN will be required

FAQs

How Do I Get an Insurance License in the U.S. Virgin Islands?

The first step in obtaining your insurance license(s) in the U.S. Virgin Islands is to decide on types of policies you want to sell. The U.S Virgin Islands allows you to sell the following policies: Life, Accident & Health or Sickness, Variable Life and Variable Annuities, Property, Casualty, Personal Lines, Car Rental, Credit, Travel, Surety, and Title. Just know that you cannot apply for, or hold, Property or Casualty insurance licenses at the same time. When you’re done deciding which licence(s) you want to apply for, you’ll need to study for the exam(s). You’ll take one exam for each line of insurance you wish to carry.

After completing your exam(s), you can apply for your license. If you have more than one line of authority that you have taken the education for, be sure to apply for all of those lines. Once you have submitted your application and passed your exams, your license application will be reviewed by the state.

For more information about the process, please contact the Virgin Islands Division of Banking, Insurance and Financial Regulation at 340-774-7166 or email Gail.danet-joseph@lgo.vi.gov.
How Do I Get a State Adjuster License in the U.S. Virgin Islands?

The first step in obtaining your insurance license(s) in the U.S. Virgin Islands is to decide on types of policies you want to sell. The U.S Virgin Islands allows you to sell the following policies: Life, Accident & Health or Sickness, Variable Life and Variable Annuities, Property, Casualty, Personal Lines, Car Rental, Credit, Travel, Surety, and Title. Just know that you cannot apply for, or hold, Property or Casualty insurance licenses at the same time. When you’re done deciding which licence(s) you want to apply for, you’ll need to study for the exam(s). You’ll take one exam for each line of insurance you wish to carry.

After completing your exam(s), you can apply for your license. If you have more than one line of authority that you have taken the education for, be sure to apply for all of those lines. Once you have submitted your application and passed your exams, your license application will be reviewed by the state.

For more information about the process, please contact the Virgin Islands Division of Banking, Insurance and Financial Regulation at 340-774-7166 or email Gail.danet-joseph@lgo.vi.gov.
How Do I renew My Non-Resident Adjuster License in U.S. Virgin Islands?

Limited information is available for Non-Resident Adjuster License renewal in the U.S. Virgin Islands. Please contact the Lieutenant Governor of The United States Virgin Islands for more information.

For more information, contact the Office of the Lieutenant Governor:
Phone: 340-773-6449 (St. Croix); 340-774-2991 (St. Thomas/St. John)
Website: https://ltg.gov.vi/
Address (St. Croix): 1131 King Street, Suite 101, Christiansted, St. Croix, Virgin Islands 00820
Address (St. Thomas/St. John): 5049 Kongens Gade, St. Thomas, Virgin Islands, 00802
How Do I Renew My Adjuster License In U.S. Virgin Islands?

Limited information is available for Adjuster License renewal in the U.S. Virgin Islands. Please contact the Lieutenant Governor of The United States Virgin Islands for more information.

For more information, contact the Office of the Lieutenant Governor:
Phone: 340-773-6449 (St. Croix); 340-774-2991 (St. Thomas/St. John)
Website: https://ltg.gov.vi/
Address (St. Croix): 1131 King Street, Suite 101, Christiansted, St. Croix, Virgin Islands 00820
Address (St. Thomas/St. John): 5049 Kongens Gade, St. Thomas, Virgin Islands, 00802

U.S. Virgin Islands