P.R. Laws tit. 26, § 951f
2019-02-20 00:00:00+00
(1) The license of a solicitor appointed by a producer shall cover only that kind or kinds of insurance that said producer may transact pursuant to his/her license.
(2) A solicitor shall not have the power to bind an insurer regarding any risk or insurance contract, nor to countersign insurance contracts.
(3) Any business transacted by a solicitor under his/her license shall be in the name and on the account of the producer by whom he/she is appointed and the producer shall be liable for all acts or omissions of the solicitor within the scope of such an appointment.
History —Ins. Code, added as § 9.240 on Jan. 19, 2006, No. 10, § 8, eff. 120 days after Jan. 19, 2006.