- Fees shown are state fees only. These fees do not include NIPR transaction fees.
- If application is received between October and December, applicant will need to pay full licensing fee. No prorating and no blackout periods.
- All fees are charged per transaction.
Insurance Producer
- Fee: $700.00
- Reinstatement Fee: $700.00
Managing General Agent
- Fee: $850.00
- Reinstatement Fee: $850.00
Surplus Lines Broker
- Fee: $500.00
- Reinstatement Fee: $500.00
Line of Authority Addition (Amendment)
- Fee: $50.00
- Please note that license class names can vary by state
Insurance Producer
- Life
- Accident & Health or Sickness
- Variable Life and Variable Annuities
- Property
- Casualty
- Personal Lines
- Car Rental
- Credit
- Travel
- Surety
- Title
Managing General Agent
- No Line of Authority Required
Surplus Lines Broker
DRLP Required
- No Line of Authority Required
Applicant Can
- Submit initial license for individuals electronically.
- Submit major lines of authority.
- Submit limited lines of authority.
- Submit surplus lines for individuals.
- Add a line of authority (amend) to an existing active license.
- Reinstate/reapply through NIPR's Non-Resident License Application.
- Print licenses electronically.
Business Rules
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Effective October of each year, the Division of Banking, Insurance and Financial Regulation begins the process of renewing insurance licenses for the upcoming calendar year. Any license applied for before September 30th will expire December 31st of that same year.
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Applicant must be at least eighteen (18) years old or older as determined from the applicant's date of birth.
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Applicant must not hold an active resident Virgin Island license while applying for a non-resident Virgin Island license.
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Applicants can reinstate/reapply if license has been cancelled or is more than one (1) year after expiration date.
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Applicants address must match current PDB record for resident state.
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Applicants with a status reason of revoked or suspension-admin action in any jurisdiction may not apply electronically. Applicant will need to contact the U.S. Virgin Islands Division of Banking, Insurance and Financial Regulation for more information on how to apply.
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Amendments are allowed on active licenses or when reinstating license.
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Managing General Agent applicants must actively hold an Insurance Producer license on the Producer Database. Applicant must submit a copy of the contract with the insurer, along with a bond of $50,000 or in the amount of 10% of total premiums, not exceeding $500,000. Bond must be in favor of the Government of Virgin Islands and secured through a company licensed to conduct business in the U.S. Virgin Islands. Copy of bond must be faxed to start application process, once original has been mailed and received by U.S Virgin Islands the application can be complete.
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Personal Lines applicant can apply for Property OR Casualty lines of authority but not both. Property, Casualty, and Personal Lines cannot be held or applied for simultaneously.
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Property and Casualty line of authority applicants cannot apply for Personal Lines. Personal Lines is included in the major lines of Property and Casualty.
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If applicant responds "yes" to one of the background questions please submit supporting documents electronically via NIPR's Attachments Warehouse. The documents may also be submitted to the state via mail, email, or fax. All other required documentation must be forwarded directly to the state.
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For phone, email, and fax number to submit documents or questions concerning documentation requirements to process your application please visit the state contact page for the U.S. Virgin Islands Division of Banking, Insurance and Financial Regulation contact information page. Failure to submit requested documentation can result in license application being denied.
Contact Information
Mailing AddressVirgin Islands Division of Banking, Insurance and Financial Regulation
Gail Danet-Joseph Chief of Licensing
5049 Kongens Gade
St. Thomas, VI 00802
United States
Phone:
340-774-7166
Fax:
340-774-6953
Email:
Gail.danet-joseph@lgo.vi.gov
Frequently Asked Questions
Online printing information can be found by going to NIPR's license print page and selecting the state.
Five Years
Not currently available
Via letter to the Division of Banking and Insurance. No fees.
Via email or letter to the Division of Banking and Insurance. No fees.
Via email or letter to the Division of Banking and Insurance. No fees.
Individuals can contact the Licensing section of Banking and Insurance at 340-774-7166
Via letter to the Division of Banking and Insurance with supporting documentation and applicable fees.
Via letter to the Division of Banking and Insurance with supporting documentation and applicable fees.
Via email or letter to the Division of Banking and Insurance.