(1) Every company shall keep at its principal office in Saint Lucia a register of policies (hereafter referred to as “the register”).
(2) Every local policy existing at the date of commencement of this Act shall as at that date be registered by the company in the register.
(3) A company shall specify its principal office in Saint Lucia on every policy issued by it.
(4) Every local policy issued after the commencement of this Act shall immediately after issue be registered by the company in the register.
(5) A policy may at the written request of the policy-holder and with the consent of the company, be transferred from a register outside Saint Lucia to a register in Saint Lucia, or from a register in Saint Lucia, to a register outside Saint Lucia.
(6) All expenses incurred in connection with the transfer of a policy under subsection (5) shall be borne by the policy-holder.