A proxy is a person authorized by a surety insurer to grant, on behalf and in representation of the latter, surety instruments in Puerto Rico according to the license which for such a purpose is issued by the Commissioner pursuant to the provisions of §§ 2201–2205 of this title.
History —Ins. Code, added as § 9.052 on Jan. 19, 2006, No. 10, § 8, eff. 120 days after Jan. 19, 2006.