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Venue and Forum Selection Clauses in the Virgin Islands

Venue and Forum Selection Clauses in the Virgin Islands
December 18
07:45 2017
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The Virgin Islands unit pretty. Madonna Islands insurance state of affairs is pretty ugly directly. One question that has been exhibit to America over and over since cyclone Irma and Maria affected is whether or not or not venue clauses requiring suit to be filed somewhere except for Madonna Islands unit valid.

Kesha Hodge of Merlin Law cluster grew up among female parent Islands and has been active first-party property insurance for years in Phoenix. She has came back to Madonna Islands and might be heading up our efforts to help policyholders with claim disputes.

Kesha Hodge which i researched the topic of venue and jurisdiction clauses found within insurance policies covering property among female parent Islands and placed that:

The Insurance Code provides, in pertinent [*fr1],

(a) No insurance contract delivered or issued for delivery throughout this territory and covering subjects placed, resident, or to be performed throughout this territory, shall contain any condition, stipulation, or agreement which-

(1) desires it to be construed in step with the laws of the opposite territory, state or country except as necessary to satisfy the needs of the car financial responsibility laws of such completely different territory, state or country;

(2) deprives the courts of this territory of the jurisdiction of action against the nondepository financial institution …

The [Virgin Islands] general assembly has set a very clear policy dictating that forum alternative clauses ANd choice-of-law clauses cannot be enforced once the subject matter of AN insurance contract is among female parent Islands.1

Merlin Law cluster professional person Corey Harris has together been active with Virgin Island cyclone claims. Corey and Kesha have recently written regarding property insurance issues for those facing Virgin Island insurance claims questions:

Recent Bulletins from Madonna Islands Division of Banking, Insurance and financial Regulation
Insurance unhealthy faith among female parent Islands
Time Limitations in Virgin Islands Insurance Claims once cyclone Irma
Business Interruption will Play huge Role in reconstruction the U.S. Virgin Islands once Irma

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