P.R. Laws tit. 26, § 520
2019-02-20 00:00:00+00
(1) If the Commissioner determines that the non-earned premiums reserves of an insurer are inadequate, regardless of the manner in which same are calculated, he shall demand that the insurer maintains the reserves in an increased amount that turns out to be in agreement with any other generally acknowledged method.
(2) If the experience in losses of any insurer demonstrates that his loss reserves, regardless of the manner in which same are calculated, are inadequate, the Commissioner shall demand from the insurer to maintain loss reserves in the increased amount necessary to render them adequate.
History —Ins. Code, added as § 5.050 on Mar. 22, 2003, No. 90, § 1.