P.R. Laws tit. 26, § 323
2019-02-20 00:00:00+00
(1) Unless the Commissioner specifies the duration of the revocation in his order of revocation, the insurer may be granted another certificate of authority at any time upon application and qualification therefor as provided in this chapter.
(2) A certificate of authority may be suspended for not over twelve months, as specified in the order of suspension. Upon expiration of the suspension period, the insurer’s certificate of authority and the licenses of its general agents and agents which were suspended concurrently, shall be eligible for reinstatement or renewal.
History —Ins. Code § 3.230.