Lieutenant Governor Gregory R. Francis, in his capacity as Commissioner of Insurance, announces that newly proposed regulations to govern bail bond business in the U.S. Virgin Islands is now available for public review and comment for a period of 20 days from today.  These rules are promulgated and will be implemented pursuant to the V.I. Code Ann. Title 22 of Section 752.

The regulations shall apply only to bail bondsman and bail bond companies acting on behalf of a licensed surety insurer and a surety insurer involved in the sail of bail bond insurance. Lt. Governor Francis said that due to growing interest in the bail bond market, there is a need for proper regulation on those wishing to engage in the business, and, as such, specific requirements have been set forth to be followed by individual bail bondsman and bail bond companies in the Territory.

The general public is urged to review and comment on the proposed regulations. They are available for viewing on the Lt. Governor’s website at www.ltg.gov.vi or at the main administrative offices of the Lieutenant Governor located in Government House on St. Croix and on Kongens Gade on St. Thomas. The rules will also be available at public libraries throughout the territory.  The public is also asked to use the following email address: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it   to comment on the proposed rules.

# # #