P.R. Laws tit. 26, § 329
(1) No insurer may effectuate any direct insurance upon or relative to any person, property or other material object of insurance that resides, is located in or is to be carried out in Puerto Rico, nor any insurance related thereto, except through an authorized representative of said insurer residing in Puerto Rico.
If the insured is represented by a producer residing in Puerto Rico, said insurance shall be executed through the manager, general agent or authorized representative of the insurer residing in Puerto Rico.
(2) Such policies or contracts shall be countersigned by the manager, general agent or authorized representative of the insurer residing in Puerto Rico.
If an insurance policy transacted or issued outside of Puerto Rico also covers any person, property or other material object of insurance that resides, is located in or is to be carried out in Puerto Rico, the same must be countersigned by a manager, general agent or authorized representative of the insurer residing in Puerto Rico, and in addition it shall indicate the proportional part of the premium corresponding to the person, property or object of insurance that resides, is located in or is to be carried out in Puerto Rico.
(3) No countersignature shall be made in blank.
(4) This section shall not apply:
(a) To surplus lines coverages written in accordance with §§ 1001–1020 of this title.
(b) With respect to countersignature, to group life insurance or group disability insurance, or to policies sold through vending machines licensed by the Commissioner.
(c) To ocean marine insurance coverages, and coverages upon, and/or any liability or risk with respect to, property in course of transportation in trade by sea or air.
(d) To reinsurances.
History —Ins. Code § 3.290; May 31, 1973, No. 73, p. 328, § 6; July 23, 1974, No. 133, Part 1, p. 598, § 2; Sept. 25, 1983, No. 28, p. 429, § 1; Jan. 19, 2006, No. 10, § 6, eff. 120 days after Jan. 19, 2006.