*127 OPINION AND ORDER The issue before the Court is whether a person as defined in Section 41, Title 1 of the Virgin Islands Code, who enters into a long-term lease/purchase agreement, as lessor/seller with a lessee/ purchaser for the lease and/or purchase of an automobile is a licensee charged with the responsibilities set forth in 20 V.I.C., Chapter 38, and more specifically with the responsibility to provide insurance as prescribed by § 418 id. Our answer to that question is no. I On January 3, 1968, the Legislature enacted Chapter 38 of Title 20 of the V.I. Code, which it titled “Regulation of Car Rental Business”. Defendant, Margaret Creque, is the President of Community Motors, Inc., a duly licensed domestic corporation engaged principally in the business of selling cars (“the Company”). As an accommodation to its customers, the Company, not the named defendant, Margaret Creque, leased some of its vehicles on a long-term basis with options to buy. In May 1984, the Company, not Margaret Creque, the named defendant in the traffic citation, entered into a lease agreement (“the Agreement”) with Sea Tech., Ltd. (“the Lessee”), wherein the Company leased a 1984 Suzuki automobile (sale price $8,214.73) for 36 months at $275.00 per month. In addition to providing that the lease is for 36 months, payable on a- monthly basis (Paragraph 2 of the Agreement), the Agreement provides that the vehicle may be operated for 6000 miles a year without additional charge, but if that limit is exceeded Lessee shall be obligated to pay 10