P.R. Laws tit. 26, § 952b

2019-02-20 00:00:00+00
§ 952b. Adjuster—Report of losses

(1) Any authorized independent adjuster, at the time of taking charge of the adjustment of the losses caused by a fire, storm, hurricane or earthquake, shall render to the Commissioner a preliminary report of the estimated loss and within five (5) working days after the amount of the loss has been determined, a final report of the amount to be paid for the loss as agreed upon between the parties. The Commissioner may, at his/her discretion, suspend through rule or regulations the requirement of this subsection.

(2) The Commissioner may, from time to time, through rule, regulation or administrative order or determination, require similar reports as to other kinds or classifications of losses as to which he/she deems such reports to be necessary or convenient.

History —Ins. Code, added as § 9.330 on Jan. 19, 2006, No. 10, § 8, eff. 120 days after Jan. 19, 2006.