Fees
Fees shown are state fees only. These fees do not include NIPR transaction fees.
- All fees are charged per application.
- There is a late renewal grace period from January 1st - 15th.
- Note: Late renewal fee does not apply until after renewal grace period.
Insurance Producer
Renewal fee:
$200
Late renewal fee:
$400
Independent Adjuster
Renewal fee:
$250
Late renewal fee:
$500
Managing General Agent
Renewal fee:
$450
Late renewal fee:
$900
Medical Air Representative
Renewal fee:
$150
Late renewal fee:
$300
Public Adjuster
Renewal fee:
$250
Late renewal fee:
$500
Solicitor
Renewal fee:
$200
Late renewal fee:
$400
Surplus Lines Broker
Renewal fee:
$500
Late renewal fee:
$1000
Lines of Authority
Please note that license class names can vary by state.
Insurance Producer
DRLP Required
Life, Accident & Health or Sickness, Sickness, Variable Life and Variable Annuity, Property, Casualty, Personal Lines, Car Rental, Credit, Travel, Surety, Title
Independent Adjuster
DRLP Required
No Line of Authority Required
Managing General Agent
DRLP Required
No Line of Authority Required
Medical Air Representative
DRLP Required
No Line of Authority Required
Public Adjuster
DRLP Required
No Line of Authority Required
Solicitor
DRLP Required
Life, Accident & Health or Sickness, Sickness, Variable Life and Variable Annuity, Property, Casualty, Personal Lines, Surety, Title,
Surplus Lines Broker
DRLP Required
No Line of Authority Required
Rules and Regulations
Applicant Can
- Submit renewals for business entities electronically.
- Submit renewals for major lines of authority.
- Submit renewals for limited lines of authority.
- Submit renewals for surplus lines for business entities.
- Renew through NIPR's Resident License Renewal Application.
- Print licenses electronically.
Applicant Cannot
- Submit partial renewals.
Business Rules
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 renew.
Applicant may not partially renew the license. All active lines of authority on the license must be renewed.
Applicants must reinstate through NIPR's Resident License Renewal Application if license is inactive and within one (1) year of license expiration date.
At least one (1) Designated Responsible Licensed Producer must be provided on the application and have an active resident or non-resident license in the Virgin Islands.
The Designated Responsible Licensed Producer(s) must cumulatively cover all lines of authority with in the same license class listed on the application to renew.
All Business entity applicants must provide an original copy of the certificate of good standing/existence and trade name. Trade name documentation needs to be provided only if applicable.
Insurance Producer applicants, who do NOT act on behalf of a carrier and are an agent of the insured, must maintain the current bond and make available to the U.S. Virgin Islands Division of Banking, Insurance and Financial Regulation, upon request. The bond should be in favor of the Government of the Virgin Islands for $10,000 and secured through a company licensed to conduct business in the U.S. Virgin Islands.
Insurance Producer applicants who represent a carrier are required to have an appointment from all companies that they will be representing. If appointment is not submitted after the license displays on PDB, the license will be inactivated by the U.S. Virgin Islands.
Managing General Agent applicants must actively hold an Insurance Producer license on the Producer Database.
Managing General Agent applicants 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 VI the application can be complete.
Public Adjuster applicants must provide proof of a bond in favor of the Government of the Virgin Islands for $5,000 and secured through a company licensed to conduct business in the U.S. Virgin Islands. Copy of bond must be faxed to start renewal process, once original has been mailed and received by U.S Virgin Islands the application can be complete.
Surplus Lines Broker applicants must actively hold an Insurance Producer license with Property and Casualty lines for authority on the Producer Database.
Surplus Line Broker applicants must provide an original copy of a bond in favor of the Government of the Virgin Islands for $10,000 and secured through a company licensed to conduct business in the Virgin Islands. Copy of bond must be faxed to start renewal process, once original has been mailed and received by U.S VI the application can be complete.
Variable Life and Variable Annuity applicants must renew Life line of authority at the same time.
Applicants with licenses that are in cancelled license status cannot renew and must apply as new through NIPR's Resident License Application.
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.
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
Renewal Periods
- All licenses expire annually on December 31st
- If original application was received between October and December, licensee will not need to renew until December 31st of the following year.
- There is a late renewal grace period from January 1st - 15th.
- Note: Late renewal fee does not apply until after renewal grace period.
All License Classes
Renewal Period: October 1st – December 31st
Late Renewal Grace Period: January 1st – January 15th
Late Renewal Period: January 16th – December 31st
Contact Information
Mailing Address
Virgin Islands Division of Banking, Insurance and Financial Regulation
Gail Danet-Joseph, Chief of Licensing
5049 Kongens Gade
St. Thomas, VI 00802
United States
State overview page
Learn more about state-specific licensing requirements and associate fees to ensure you have all the necessary information for compliance.