Chapter 3. Authorization of Insurers and General Requirements
- § 301. Definitions
- § 302. Repealed. Act Dec. 21, 2010, No. 210, § 1, eff. 90 days after Dec. 21, 2010
- § 303. Authority to transact insurance required
- § 304. Qualification for authority
- § 304-1. Affiliation to financial institutions prohibited
- § 304a. Foreign insurers formed under inadequate laws
- § 305. Charter, defined
- § 306. Required reports and information sharing
- § 307. Insurer not to engage in other business
- § 308. Kinds of insurance—An insurer
- § 309. Funds required from insurers
- § 310. Additional kinds of insurance, funds required of insurers
- § 311. Repealed. Act July 20, 1979, No. 154, p. 395, § 3, eff. July 20, 1979
- § 312. New insurer, additional surplus required
- § 313. Deposit requirements—Insurers organized in the United States
- § 314. Deposit requirements—Insurers not organized in United States
- § 315. Requirements of capital or surplus, deposits and/or investment in Puerto Rican securities; authorized insurers; escalator provisions
- § 315a. Requirement of deposit, domestic insurers
- § 316. Required investment in Puerto Rican securities
- § 317. Application for authority
- § 318. Issuance or refusal of authority
- § 319. Expirations, renewals, amendments to authorization certificates
- § 320. Refusal to renew, revoke or suspend authorization—Obligatory grounds
- § 321. Refusal to renew, revocation or suspension of authority—Discretionary grounds
- § 321a. Additional penalty for violations
- § 322. Notice of revocation or suspension; effect on agents’ licenses
- § 323. Duration of suspension or revocation
- § 324. Ownership of certificate; surrender to Commissioner
- § 325. Insurer’s name
- § 326. Disqualified supervisors of Puerto Rico business
- § 327. Suits against insurers, service of process on Commissioner
- § 328. How service made; duties of Commissioner
- § 329. Business must be transacted through resident agents or broker producers; countersignature
- § 330. Records of insurers
- § 331. Annual statement required
- § 332. Report for statistical purposes
- § 333. Special reports
- § 334. General agents and managers
- § 335. Reciprocal provisions