P.R. Laws tit. 26, § 4045

2019-02-20 00:00:00+00
§ 4045. Liquidation—External audit of the administrator’s books

The Receivership Court may order audits to be conducted on the books of the rehabilitation and liquidation proceedings established pursuant to this chapter and a copy of the audit report shall be filed with the Commissioner and another with the Receivership Court. The books, records and other documents of the administration shall be made available to the auditor at any time without prior notice. The expenses of each audit shall be deemed to be costs of the administration of the rehabilitation or liquidation proceedings.

History —Ins. Code, added as § 40.450 on Aug. 17, 1991, No. 72, § 1; Dec. 14, 2007, No. 206, § 43.