P.R. Laws tit. 26, § 949c
The producer shall fulfill the following duties, among others:
(1) Provide the consumer with a clear and concise orientation about the coverage, benefits, limitations and exclusions of the insurance policy negotiated by him/her, as well as about the duties and obligations of the former as insured under the same.
(2) Negotiate the insurance product so it adjusts to the coverage needs the consumer seeks.
(3) Identify and measure the possibility of loss.
(4) Fulfill the duties imposed according to other provisions of this Code and with the principles of conduct the Commissioner may establish through rules or regulations.
When the producer acts as authorized representative of the insurer, he/she must also fulfill all those other duties imposed by the insurer by virtue of the contract subscribed between the parties.
History —Ins. Code, added as § 9.022 on Jan. 19, 2006, No. 10, § 8, eff. 120 days after Jan. 19, 2006.