Division of Banking, Insurance and

Financial Regulation



#5049 Kongens Gade, Charlotte Amalie, St. Thomas, USVI 00802-6487 @ (340) 774-7166 @ Fax (340) 774-9458

1131 King Street, Suite 101, Christiansted, St. Croix, USVI 00820 @ (340) 773-6459 @ Fax (340) 719-3801



ltz.gov.vi

BULLETIN 2020-11

TO: Property and Casualty Commercial Insurers (admitted and non-admitted insurance

companies)

FROM: Tregenza A. Roach, Esq., Lieutenant Governor and Commissioner of Insurance

RE: Data Call to Collect Data Related to Business Interruption Insurance and COVID-19



This Bulletin is being issued to all U.S. Virgin Islands licensed or authorized property and casualty

commercial insurers for the purpose of providing notification to these companies that the

companies must complete the COVID-19 business interruption data call and submit data to the

National Association of Insurance Commissioner (“NAIC”) if the companies wrote business

interruption coverage in this Territory in 2019 and 2020. You should have also received a similar

communication from the NAIC regarding the data call.



I, Lieutenant Governor Tregenza A. Roach, Esq. in my capacity as Commissioner of Insurance,

have agreed to participate in the NAIC’s data call to collect data related to business interruption

insurance and COVID-19. As such, the NAIC will be collecting on behalf of the U.S. Virgin

Islands the requested data from property and casualty commercial insurers licensed and authorized

to do business in the Territory.



It should be noted, the data call submission does not apply to:



(1) nonadmitted alien insurers; and

(2) life or health insurers, monoline financial guaranty, mortgage guaranty title,

fidelity, nonmedical professional liability insurers, and reinsurers.



Bulletin No. 2020-11

Page 4 of 4



Your timely cooperation in this effort is anticipated and will be greatly appreciated. Questions

regarding this bulletin may be directed to the Division of Banking, Insurance and Financial

Regulation by calling Assistant Director/Legal Counsel at (340)773-6459 on the island of St.



Croix.

Dated this _/ 7 _. day of May 2020 at St. Thomas, US: Virgin Islands.

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