P.R. Laws tit. 26, § 247
(1) If the Commissioner, upon previous notice and hearing, determines that a person is engaged or has been engaged in carrying out actions or practices prohibited by this Code, may, in addition to any other authorized remedy or penalty, issue an order so that the person ceases and desists from carrying out the actions or practices thus prohibited.
(2) If the Commissioner believes that a person who is engaged in the insurance business in Puerto Rico is employing any competition method or any act or practice in the administration of his/her business other than those defined under this Code, and such competition method is unfair or such act or practice is unfair or deceitful, and that any provision thereof would be of public interest, the Commissioner after reaching a determination through a hearing, shall order said person to desist from such acts or practices.
(3) The Commissioner may issue a provisional cease and desist order, without previously holding a hearing, in the event of a situation that is causing or may cause imminent harm to the public health, safety or wellbeing or that requires immediate action by the Office. Said order shall state a brief statement of the public policy that justifies the actions of the Office. The Commissioner shall notify, in the manner that he/she deems more convenient, the persons compelled to comply with such order. The Commissioner shall hold a hearing within ten (10) days following the issue of the provisional order, in order to determine whether the same shall become permanent or is rendered ineffective.
History —Ins. Code, added as § 2.150 on Aug. 13, 2008, No. 263, § 7, eff. 3 months after Aug. 13, 2008.