P.R. Laws tit. 26, § 1234
(1) Every group, association or other organization of insurers which engages in joint underwriting or joint reinsurance, shall be subject to regulation with respect thereto as is provided in this section, subject however, with respect to joint underwriting, to all other provisions of this chapter, and, with respect to joint reinsurance, to §§ 1233 (examination), 117 (general penalties), and 1240 (penalty provision of this chapter) of this title.
(2) If, after a hearing, the Commissioner finds that any activity or practice of any such group, association, or other organization is unfair or unreasonable or otherwise inconsistent with the provisions of this chapter, he may issue a written order specifying in what respects such activity or practice is unfair, or unreasonable, or so inconsistent, and requiring the discontinuance of the activity or practice.
History —Ins. Code § 12.340.