P.R. Laws tit. 26, § 3813
To help in the detection and prevention of insolvency of insurers:
(1) The Board of Directors shall:
(a) Make, from time to time, recommendations to the Commissioner for the detection and prevention of the insolvencies of insurers, and
(b) respond to requests from the Commissioner to discuss and make recommendations on the condition of any member insurer whose financial condition may be dangerous for its insured and for the public. Said recommendations shall not be deemed as public documents.
(2) The Board of Directors shall, at the conclusion of the insolvency of any domestic insurer in which the Association was bound to pay covered claims, and should it have sufficient and adequate information, prepare a report on the history and causes of said insolvency and submit such report to the Commissioner.
History —Ins. Code, added as § 38.130 on Aug. 17, 1991, No. 72, § 1; Aug. 13, 2008, No. 262, § 2.