P.R. Laws tit. 26, § 1357
2019-02-20 00:00:00+00
(1) No contract for a reversionary annuities shall be underwritten or issued for delivery in Puerto Rico, unless it contains in substance each of the provisions specified in §§ 1358 and 1359 of this title. Any of such provisions not applicable to single premium annuities shall not, to that extent, be incorporated therein.
(2) This section shall not apply to annuities included in life insurance policies.
History —Ins. Code, added as § 13.230 on Nov. 9, 2007, No. 165, § 1, eff. 90 days after Nov. 9, 2007.