P.R. Laws tit. 26, § 10261
2019-02-20 00:00:00+00
In addition to any other penalties provided by the laws of Puerto Rico including the Insurance Code of Puerto Rico, any issuer and any producer found to have violated any requirement of Puerto Rico related to the regulation of long-term care insurance or the marketing of such insurance shall be subject to a fine which shall be the greater of the following amounts: up to three (3) times the amount of any commissions paid for each policy involved in the violation, or up to $10,000.
History —Aug. 29, 2011, No. 194, § 66.130, eff. 180 days after Aug. 29, 2011.