REQUIREMENTS FOR  
ALL RESIDENT INSURANCE LICENSE APPLICANTS 
 
Individuals or organizations applying for licensure in the Virgin Islands as a 
Resident Producer, Surplus Lines Broker, Independent Adjuster or Managing 
General Agent should adhere to the following applicable requirements. The 
Division is encouraging each licensee to access the NIPR website where you can 
apply, renew, pay the requisite fees and expedite the licensing process. All 
required documents can be emailed except for Bonds and Appointments which 
should be mailed in its original form. All licenses expire December 31st of the year 
the license is issued. Should you require a manual application, please contact the 
Division. 
 
ALL APPLICANTS: Completed Original Application with applicable fees. 
ALL APPLICANTS: Three Letters of Recommendations  
ALL APPLICANTS: Tax Clearance Letter from the Bureau of Internal Revenue 
ALL APPLICANTS: (Entities only) Copy of corporate documents, Articles of Incorporation and By-Laws 
ALL APPLICANTS: Trade Name Certificate (if applicable) 
ALL APPLICANTS: (Individuals and Entities-Each Branch of a firm or corporation with which an individual 
resident license is associated, and, on whose behalf, business is placed must be licensed with the 
Division as well. 
PRODUCERS (if acting as an agent) - appointment by one or more companies licensed to conduct 
business in the Virgin Islands, an appointment for all companies listed on the application must be 
submitted along with the requisite filing fee of $50.00 per company. Companies can submit 
appointments thru NIPR once the license is approved. 
PRODUCERS: (if acting as a broker) $10,000 bond procured through a company authorized and licensed 
to conduct business in the Virgin Islands.  Bond must be maintained while license is active.   
SOLICITORS: Appointment by the producer or agency authorizing the applicant to solicit on their behalf 
must be submitted along with the requisite filing fee of $50.00 per appointment.  
SUPLUS LINE BROKERS: $10,000 bond procured through a company authorized and licensed to conduct 
business in the Virgin Islands.  Bond must be maintained while license is active.   
MANAGING GENERAL AGENT: Refer to the Producer Licensing Act for complete detailed requirements 
PUBLIC ADJUSTERS - $5,000 bond procured through a company authorized and licensed to conduct 
business in the Virgin Islands.  Bond must be maintained while license is active.   
INDEPENDENT ADJUSTERS – name(s) of licensed company/companies represented by licensee 
In addition to the above, a firm or corporation applying for licensure must have an individual licensed to 
exercise the power conferred by the license with which an individual non-resident licensee is associated 
and on whose behalf business in the Territory is placed must be licensed with the Virgin Islands Division 
of Banking, Insurance and Financial Regulation. 
The Division must be notified immediately if there are any changes in management or operations 
pertaining to the licensee.  This information should be submitted thru NIPR once licensed. 
After receipt of the application, any additional information that is required but not received within 30 
days will cause your application to be cancel/deny.  Should you choose to continue the licensure process 
in the Virgin Islands, all documents and fees will have to be resubmitted. 
See Fee Schedule: 
Producer 
 
 
 
 
$400.00 
Solicitor 
 
 
 
 
$400.00 
Surplus Line Broker 
 
 
 
$500.00 
Managing General Agent 
 
 
$850.00 
 
 
 
 
Adjuster (Independent/Public)  
 
$500.00 
 
 
 
Appointment Fee 
 
 
 
$ 50.00  
 
 
 
 
Should you have any questions or concerns, please do not hesitate to contact 
the Division. 
 
Office of the Lieutenant Governor 
Division of Banking, Insurance and Financial Regulation 
#5049 Kongens Gade, St. Thomas, Virgin Islands 00802-6487 
1131 King Street, Suite 101, Christiansted, Virgin Islands   00820 
(340) 774-7166  (340) 773-6459 
(340) 774 5970 (Fax) 
 
Gail Danet-Joseph 
gail.danet-joseph@lgo.vi.gov 
Chief Insurance Licensing Examiner