Proclamation (SI 2009 No. 63): Insurance Act, 2008 Commencement

Summary

This is a short Governor's Proclamation bringing the Insurance Act, 2008 (No. 1 of 2008) into force. It contains no substantive requirements itself, but marks the commencement date after which the Insurance Act, 2008 and its obligations apply to the insurance sector in the Virgin Islands.

• Effect: Declares that the Insurance Act, 2008 comes into force on 1 February 2010.
• Authority: Made by the Governor under section 1(2) of the Insurance Act, 2008.
• Nature: Purely a commencement instrument; it does not amend or restate the substantive licensing or conduct requirements found in the Insurance Act, 2008 itself.

Applies to

insurers, insurance intermediaries, persons carrying on insurance business in the Virgin Islands

Deadlines

• 1st day of February, 2010: Date on which the Insurance Act, 2008 comes into force

Related documents

• This document commences Insurance Act, 2008 (No. 1 of 2008)