P.R. Laws tit. 26, § 952f
(1) Every insurance producer, general agent, proxy, adjuster or consultant shall keep, at the place of business indicated in his/her license, the usual and customary books corresponding to the transactions effected pursuant to his/her license, together with the additional books the Commissioner may require through rule, regulation or administrative order or determination, and shall also conserve the documents related thereto.
(2) All books and documents related to any particular transaction shall be available and accessible to the inspection of the Commissioner at any business time during the five (5) years immediately following the date of completion of such a transaction, unless a shorter period is granted, through rule, regulation or administrative order or determination of the Commissioner, for a certain case in particular.
(3) As regards life or disability insurance, any insurance producer, general agent, adjuster or consultant shall be bound to comply with the requirements related to the books and documents established by the Commissioner through rule or regulation.
History —Ins. Code, added as § 9.360 on Jan. 19, 2006, No. 10, § 8, eff. 120 days after Jan. 19, 2006.