P.R. Laws tit. 26, § 9174
(a) Upon the approval of the basic health plans in the different metal levels of coverage in accordance with § 9169 of this title, all issuers required to offer a converted policy to an individual, pursuant to the provisions of this Code, may offer as a converted policy a choice of the individual basic health plans only.
(b) If an issuer offers two or more options of individual basic health plan as a conversion coverage in accordance with subsection (a), then the issuer shall be eligible to receive distributions pursuant to the Health Plan Association for the individual basic converted policies in accordance with § 9172 of this title.
(c) If an issuer offers two or more options of individual basic health plan as a conversion coverage in accordance with subsection (a), then the individual with a converted policy issued before the effective date of the requirement under subsection (a) shall be entitled to elect an individual basic health plan as a substitute converted policy at each annual renewal of the converted policy.
(d) The Commissioner shall provide through policy letter the rules to rate converted policies in accordance with this chapter, and to rate converted policies that provide medical coverage similar to or exceeding that of health plans.
(e) The Commissioner shall issue and promulgate policy letters, as well as regulations as necessary for the implementation of this section.
History —Aug. 29, 2011, No. 194, added as § 10.140 on July 22, 2013, No. 69, § 1, eff. 60 days after July 22, 2013.