P.R. Laws tit. 26, § 951c
(1) The insurer who appoints a person as general agent to represent him/her as such in Puerto Rico, shall give written notice of the appointment to the Commissioner within the fifteen (15) days following the date on which the contract for such purposes is executed and in the form he/she may prescribe. The insurer shall keep accessible for the inspection of the Commissioner the contract executed between the former and the general agent.
(2) The general agent shall have the authority, which consistently with this Code, the insurer may confer upon him/her in the contract executed between them. Said general agent may transact insurance applications if he/she obtains a license as producer and meets all requirements established in § 950i of this title for said license, except as refers to the length of his/her previous residence in Puerto Rico.
(3) The volume of business generated by the general agent shall mostly proceed from other producers.
History —Ins. Code, added as § 9.212 on Jan. 19, 2006, No. 10, § 8, eff. 120 days after Jan. 19, 2006.