Office of the Lieutenant Governor

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



https: /Itg.gov.vi



BULLETIN 2020-17



TO: Holders of Unclaimed Property Accounts



RE: Electronic Submissions and Requests for Extensions of Time to Submit Reports of

Unclaimed Property Accounts



The Lieutenant Governor, in his capacity as Administrator of the Virgin Islands Uniform

Unclaimed Property Act, understands that the day-to-day operations of many entities are being

impacted by the Coronavirus/COVID-19 pandemic. Accordingly, this Bulletin is being issued to

notify holders of unclaimed property accounts that they may now submit reports of unclaimed

property electronically. Requests for an extension of time to submit a report may also be filed

electronically.



Currently, reports of unclaimed property accounts are required to be filed before May 1° of each

year for life insurance companies, and before November 1“ of each year for all other entities.

Holders of 25 or more unclaimed property accounts are required to submit their report by mail, in

an Excel format on a CD. Holders of less than 25 accounts have the option of submitting their

reports by mail, in an Excel format on a CD or by hard copy.



In consideration of the impact of the Coronavirus/COVID-19 pandemic on holders of unclaimed

property accounts, all holders may now submit their reports electronically, in lieu of submitting

the reports by mail. Electronic reports may be emailed to viunclaimedproperty(@lgo.vi.gov, and

must be submitted in an Excel format.



Holders that are unable to file a report by the applicable deadline may request an extension of time

to submit the report. This request should be made in writing before the date the report is required

to be filed. The request may be emailed to viunclaimedproperty(@lgo.vi.gov or mailed to the

address listed below.

Bulletin 2020-17

Page 2 of 2



Remittances will continue to be required to be submitted by mail. Holders of unclaimed property

accounts who have elected to submit their reports electronically will have to submit remittances to

the following address, along with a cover letter that describes what the remittance is for and the

date the unclaimed property report was emailed to the Office of the Lieutenant Governor, Division

of Banking, Insurance and Financial Regulation (“Division”):



Office of the Lieutenant Governor



Division of Banking, Insurance and Financial Regulation

5049 Kongens Gade



Charlotte Amalie, St. Thomas USVI 00802-6487



When remitting money, checks should be made payable to the Government of the Virgin Islands.



Holders of unclaimed property accounts may, in lieu of an electronic submission, continue to

submit reports of unclaimed property by mail. For holders with 25 or more unclaimed property

accounts, the report will have to be in an Excel format ona CD. Holders with less than 25 accounts

may submit the report in an Excel format on a CD or hard copy. Reports that are submitted by

mail should be sent to the address that is noted above.



Instructions for submitting unclaimed property reports may be found at the Office of the Lieutenant

Governor’s website here: https://ltg.gov.vi/.



Questions about submitting unclaimed property reports should be directed to the Division at (340)

774-7166. Questions regarding this Bulletin may be directed to Gwendolyn Hall Brady, Director

of the Division, at (340) 773-6459.



Dated this 3 day of October 2020 at St. Tho



.S. Virgin Islands.



Lievterfant Governor and

Administrator, Virgin Islands Uniform Unclaimed

Property Act