P.R. Laws tit. 26, § 953h
The Commissioner may, at his/her discretion and after a petition to that effect, reinstate any license that has been revoked through a final and firm resolution or administrative order. Any person interested in petitioning for the reinstatement of a license that had been revoked must submit evidence showing that the reasons for which the same was revoked have been corrected or have ceased to exist, as well as evidence that attests to its reinstatement. If one of the reasons for revoking the license was that the person was declared to be untrustworthy for the insurance business, the latter, as part of his/her petition for reinstatement shall be bound to demonstrate his/her trustworthiness taking into account all the circumstances under which the declaration of untrustworthiness was issued.
The Commissioner, after evaluating the petition for reinstatement submitted, may, as a requirement for reinstating the revoked license, impose one or more of the following conditions:
(1) To have continuing education courses accredited, such as those previously approved by the Commissioner.
(2) To take and pass an examination for the kind or kinds of insurance the person is interested in transacting.
(3) That the scope of the license be limited.
(4) That the effective term of the license be limited.
(5) Any other condition that may be established by the Commissioner through an order.
The determination of the Commissioner regarding the petition for reinstatement shall be deemed as a final adjudication of the petition.
History —Ins. Code, added as § 9.471 on Jan. 19, 2006, No. 10, § 8, eff. 120 days after Jan. 19, 2006.