(1) In order to comply with the provisions of § 317 of this title, an insurer shall appoint and contract a manager or general agent to represent the insurer in Puerto Rico to carry out those functions consistent with this Code that may be conferred upon said manager or general agent by the insurer.
(2) The insurer that appoints and contracts a person as general agent or manager to represent the former as such in Puerto Rico must comply with the provisions of § 951c of this title.
(3) Said general agent or manager must meet all requirements established in § 951b of this title in respect to a license.
History —Ins. Code § 3.340; July 23, 1974, No. 151, Part 1, p. 695, § 6; May 6, 1983, No. 36, p. 59, § 1; Mar. 27, 2003, No. 96, § 2; Jan. 19, 2006, No. 10, § 7, eff. 120 days after Jan. 19, 2006.