P.R. Laws tit. 26, § 2910
2019-02-20 00:00:00+00
(1) The stockholders are the owners of a stock insurer, and are entitled to participate in the profits thereof, subject to the contract rights of the insurer’s policyholders.
(2) The policyholders are the owners of a mutual insurer, and are entitled to participate in the savings or profits thereof, subject to contract and to such reasonable classifications as may from time to time be made by the insurer’s board of directors. A mutual insurer shall be operated in the interest of its members.
History —Ins. Code § 29.100.