P.R. Laws tit. 31, § 4193

2019-02-20 00:00:00+00

§ 4193. Application of insurance to payment of principal and income

In the case of the first paragraph of § 4192 of this title, if the estate should be insured, the amount of the insurance shall be liable for the payment of the principal of the annuity and of the incomes due, unless the person paying the annuity should prefer to invest it in rebuilding the estate, in which case the annuity shall revive with all its effects, including the payment of the unpaid income. The annuitant may demand of the person paying the annuity that he secure the investment of the amount of the insurance in the rebuilding of the estate.

History —Civil Code, 1930, § 1518.