P.R. Laws tit. 7, § 3037
(a) Paid-up capital of the fund. — A fund must maintain a sum of paid-up capital which, in the judgment of the Commissioner, will provide adequate security for its:
(1) Long-term operations in a safe and lucrative manner, and
(2) active operations in accordance with the license issued by the Commissioner.
(b) Solvency of the fund. — In the judgment of the Commissioner, a fund must be financially viable taking into account its present income as well as the projected income and losses in its investments, the qualifications of its administrators must be optimal.
(c) Distributions of a fund by the Administrator. — No administrator shall distribute the paid-in capital, profits and revenues of a fund if the remaining assets of the fund after said distribution are not sufficient to meet any of the debts or commitments assumed by the fund.
History —Jan. 28, 2000, No. 46, § 18.