P.R. Laws tit. 26, § 951k
(1) A producer contracted by an insurer to act as his/her authorized representative may negotiate applications and issue insurance policies by means of vending machines, inspected by him/her, provided the Commissioner determines that:
(a) The kind of insurance and the form of the policy that the producer intends to transact pursuant to his/her license are suitable for sale and issuance by means of vending machines;
(b) the type of vending machine is suitable and practical for such a purpose, and
(c) the use of said vending machines shall be convenient for the public.
(2) The Commissioner shall issue to the producer a special vending machine license for each machine inspected by him/her. The license shall specify the make and serial number of the machine, the name and address of the insurer and the producer, the kind of insurance and type of the policy provided and the place where said machine is to be in operation. The license shall expire, be renewed and be suspended or revoked when the license of the producer expires, is renewed and suspended or revoked or for any cause whereby the contract between the latter and the insurer is terminated, whichever occurs first. The license fees for each vending machine shall be one hundred dollars ($100) per year or part thereof. The license shall be displayed in each machine, or close thereto, as required by the Commissioner.
(3) The policies thus sold shall not have to be countersigned.
(4) The Commissioner may, at his/her discretion, fix a limit as to the number of vending machines to be operated by a single insurer, or by a single producer or from a single location.
(5) The Commissioner shall supply the applications, licenses and forms required under this section.
History —Ins. Code, added as § 9.250 on Jan. 19, 2006, No. 10, § 8, eff. 120 days after Jan. 19, 2006.