Subset (2)

all_codes · 1.84M rows

Split (1)

train · 1.84M rows

Subsets and Splits

Unemployment Word Count by State

Calculates the total word count of documents related to unemployment in each state, revealing insights into the volume of unemployment-related content by location.

CO Title 8 Word Count

Calculates the total number of words in the content of entries related to 'Title 8' in Colorado, providing insight into the volume of text data available for that specific category and state.

url stringlengths 42 388	state stringclasses 50 values	path stringlengths 83 10.4k	title stringlengths 34 2.24k	content stringlengths 0 2.39M
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2101/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2101 - Definitions	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2101 - Definitions	The following definitions shall apply to §§ 2101–2122 of this title: (a) The term “automobile club” or “association”, as used in this subchapter, is hereby defined as follows: Any natural or artificial person that, as of the effective date of this act or thereafter, in consideration of a sum of money as quota or premium, as the case may be, or for any other consideration, agrees to render to its members, associates or insureds one or more of the services of interest to the autoist, hereinafter defined in this chapter. The provisions of this chapter shall not be applicable to labor unions, fraternities, or associations of public automobile drivers which render the services specified in § 2102 of this title, provided such services are rendered exclusively to the members of the unions, fraternities, or associations of public automobile drivers. (b) Commissioner.— Means the Commissioner of Insurance of Puerto Rico, his assistants, or any other person authorized to act on his behalf. (c) Service contract.— Means an agreement whereby any association, for a sum of money, agrees to render, to furnish or to procure services of automobile clubs to any person, whether or not a member of the automobile club or association. (d) Agent.— Is the person, firm or corporation that solicits the purchase of service contracts for the benefit of automobile drivers or in any wise helps in the delivery or negotiation of any such contract, or in its renewal or continuation. History —Ins. Code, added as § 21.010 on June 15, 1961, No. 68, p. 133; Sept. 8, 2000, No. 392, § 2.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2102/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2102 - Services covered	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2102 - Services covered	The following is a definition of the nature and extension of the services which an automobile club or association covered by the provisions of this subchapter may agree to render: (a) General services.— This classification shall include the rendering, furnishing, or acquisition of towing, emergency, life insurance, accident and other services, as long as they are offered through a policy issued by an insurance company duly authorized under the Insurance Code to transact this kind of business in Puerto Rico; bail bonds or legal assistance in cases directly related with the operation of a motor vehicle by the member; discounts, financing, sale and purchase services, road maps and complete tourist services, including the sale of tickets for land, sea or air transportation, or any one of them. (b) Towing service.— Shall mean the removal by the automobile club or association of a motor vehicle from one place to another by a force other than that of the same vehicle. (c) Road emergency service.— Means the adjustment, repair or replacement by an automobile club or association, of equipment, tires, or any other part of a motor vehicle to restore its own operating and moving power. (d) Insurance service.— Means the selling or furnishing by an automobile club or association to its members of insurance policies issued in their favor by insurers authorized under the Insurance Code on their life or on their liability or loss for damages or injury to them or to a third party in accidents resulting from ownership, possession, use or operation of a motor vehicle. (e) Legal service.— Means an act by an automobile club or association for the contracting, designation, or acquisition of the professional services of a lawyer authorized to practice his profession as such Puerto Rico, whose professional fees are to be paid by the automobile club or association which contracted or designated him to render his services as such counsel or representing a member of such club or association before a court in Puerto Rico or the United States of America as a result of his criminal or civil liability, or both, as the case may be, incurred by such member as a result of his ownership, possession, use or operation of a motor vehicle. (f) Map service.— Shall mean the furnishing by an automobile club or association of road maps, free of charge, to its members. (g) Tourist services.— Shall mean the furnishing by an automobile club or association of tourist information, free of charge, to its members as well as arrangements for lodging or ticket reservations; acquisition of tickets or entry permits or visas, or the necessary licenses to travel to any country in the world for its interested members or associates. (h) Bail bond service.— This service shall mean an act by an automobile club or association to provide or procure any monetary desposit or bond required by law for the provisional freedom of a person charged with violation of a traffic law or regulation or relative to the operation of motor vehicles. (i) Sale and purchase service.— This service shall mean any act by an automobile club or association whereby the holder of a service contract from any of these clubs or associations is somehow helped in the sale or purchase of an automobile. (j) Discount service.— Means any act by an automobile club or association whereby service contract holders are granted special discounts or reductions in the price of gasoline, oil, repair, insurance, auto parts, accessories or servicing of motor vehicles. (k) Financing service.— Means any act by an automobile club or association whereby a loan or any other advancement of money, with or without security, is made to a holder of a service contract from the automobile club or association. (l) Service in case of theft.— Means any act by an automobile club or association to locate, identify and recover a motor vehicle owned or under the control of the holder of a service contract from any of these clubs or associations, stolen, or that might be stolen, or to discover the person responsible for such theft. (m) Repair and maintenance services.— Means the act of an automobile club or association to provide repair services, replacement of equipment, spare parts, accessories and maintenance of motor vehicles. History —Ins. Code, added as § 21.020 on June 15, 1961, No. 68, p. 133; May 10, 1976, No. 32, p. 84, § 16.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2103/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2103 - Term for filing application	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2103 - Term for filing application	Within the thirty days following the effective date of this act, any automobile club or association operating in Puerto Rico under the provisions of this subchapter shall file in the Office of the Commissioner, in the form provided by him for such purposes, an application for a license or certificate of authority to continue operating in Puerto Rico; and any automobile club or association desiring to start operations as such thereafter under the provisions of this subchapter, before commencing such operations, shall likewise make the corresponding application and obtain its license or certificate of authority from the Commissioner. History —Ins. Code, added as § 21.030 on June 15, 1961, No. 68, p. 133, eff. July 1, 1961.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2104/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2104 - Application for authorization	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2104 - Application for authorization	Any application for an authorization filed under the provisions of this subchapter must be accompanied by the following documents, information, and exhibits: (a) An application in the form prescribed by the Commissioner, signed under oath by the president of the association or any other of its principal officers. (b) A certified copy of its articles of incorporation and bylaws. (c) A financial statement of the association in the manner prescribed by the Commissioner, signed by the president or any other of its principal officers. (d) A certificate from the Secretary of State, if a corporation, stating that it complied with the provisions of the Corporations Law of Puerto Rico. (e) The sum of fifty thousand dollars ($50,000) in cash or its equivalent in securities subject to approval by the Commissioner to guarantee the faithful compliance by the applicant entity of all the provisions of this chapter as well as its obligations toward its members. (f) When the application is made by a foreign automobile club or association it shall designate an agent authorized to receive service of process on behalf of the applicant, which agent shall in all cases be a resident of Puerto Rico. (g) Copies of the application forms for membership, credentials as such, bylaws, service contracts, advertising material or any other document required by the Commissioner. (h) The names of the incorporators or directors of the applicant with their postal addresses and personal circumstances, including their occupations and professions, so that with such information the Commissioner may verify their competence, good character, and reputation. History —Ins. Code, added as § 21.040 on June 15, 1961, No. 68, p. 133; June 5, 1973, No. 98, p. 419, § 15; July 23, 1974, No. 133, Part 1, p. 598, § 10; Feb. 16, 1979, No. 15, p. 28, § 11.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2106/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2106 - Examinations	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2106 - Examinations	The Commissioner shall not issue a license until he is convinced that the automobile club or association has complied with the laws of Puerto Rico and that its administration is trustworthy and competent, for which he may conduct examinations of the automobile club or association and require that any necessary evidence be produced. The cost of any examination conducted shall be paid by the examined club or association. History —Ins. Code, added as § 21.060 on June 15, 1961, No. 68, p. 133, eff. July 1, 1961.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2106a/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2106a - Books and documents required	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2106a - Books and documents required	Every motorist club or association shall keep true and full accounts, as well as books carrying their assets, obligations, transactions and business, in accordance with accounting methods and practices generally accepted. All books and accounts shall be kept in such a manner as to facilitate the preparation of the reports required from the motorist club or association, as well as to make accessible the examination of the business by the Commissioner. History —Ins. Code, added as § 21.061 on July 23, 1974, No. 133, Part 1, p. 598, § 19.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2107/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2107 - Duration of the license	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2107 - Duration of the license	Any license issued under the provisions of this subchapter shall continue in force upon payment of the corresponding fees on or before the midnight of June 30 of each year, unless it is revoked or suspended by the Commissioner in the course of a given fiscal year. History —Ins. Code, added as § 21.070 on June 15, 1961, No. 68, p. 133, eff. July 1, 1961.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2108/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2108 - Revocation or suspension of license	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2108 - Revocation or suspension of license	If the Commissioner, after a hearing, finds that an automobile club or association has violated any provision of this subchapter, or that it is insolvent, or that its assets are less than its liabilities, or that the club or association, or its officers, refuses or refuse to be examined, or that it conducts its business in a deceitful way, or that its administration and business methods are inadequate or harmful to its service-contract holders, he may revoke or suspend its license and inform the public of his action in the manner he may deem convenient. History —Ins. Code, added as § 21.080 on June 15, 1961, No. 68, p. 133, eff. July 1, 1961.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2109/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2109 - Annual statement	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2109 - Annual statement	Every automobile club or association shall file in the Office of the Commissioner, on or before March 31 of each year, a financial statement in the form and manner prescribed by the Commissioner, signed under oath by its president or one of its principal officers, showing its financial condition as of the preceding December 31. History —Ins. Code, added as § 21.090 on June 15, 1961, No. 68, p. 133, eff. July 1, 1961.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2110/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2110 - Approval of forms	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2110 - Approval of forms	No service contract issued in Puerto Rico shall become effective until a form of such contract has been kept filed in the Office of the Commissioner for sixty days, unless before the expiration of this term the form has been approved in writing by the Commissioner, nor shall any contract become effective or issued if the Commissioner informs the automobile club or association in writing, within such sixty-day period, that in his opinion the contract form does not comply with the laws of Puerto Rico, stating his reasons. History —Ins. Code, added as § 21.100 on June 15, 1961, No. 68, p. 133, eff. July 1, 1961.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2111/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2111 - Contents of contract	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2111 - Contents of contract	No service contract shall be issued or delivered in Puerto Rico unless it contains the following: (a) The name of the automobile club or association. (b) The exact address of the home office of the automobile club or association and that of its business office in Puerto Rico showing the street, number, and city. (c) A clause stating that the contract shall be cancellable at any time by the company or by the contract holder and that the latter has a right to receive the unearned portion of the money paid for such contract, on a pro-rata basis, with no discount whatsoever. (d) A clause clearly specifying the services promised; another stating that the contract holder shall not have to pay any sum in addition to that specified in the contract, and another specifying the territory within which the services shall be rendered and the date on which such services shall commence. History —Ins. Code, added as § 21.110 on June 15, 1961, No. 68, p. 133, eff. July 1, 1961.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2112/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2112 - Reserves	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2112 - Reserves	In addition to the deposits required in § 2104(e) of this title, the automobile club or association shall maintain a reserve of unearned income equal to twenty-five percent (25%) of the total unearned income of the contracts in force but in no case less than the total reimbursement of income made during the preceding twelve months. This reserve shall be computed considering the unearned income in a given year as fifty percent (50%) of the total income from quotas received during the year. History —Ins. Code, added as § 21.120 on June 15, 1961, No. 68, p. 133, eff. July 1, 1961.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2112a/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2112a - Assets and liabilities	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2112a - Assets and liabilities	Sections 5.010, 5.020 and 5.030 shall be applicable to motorists clubs or associations for the purpose of determining their economic status. History —Ins. Code, added as § 21.121 on July 23, 1974, No. 133, Part 1, p. 598, § 20.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2113/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2113 - Unlawful practices	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2113 - Unlawful practices	The purchase of contracts from unauthorized automobile clubs or associations is hereby prohibited. No person shall solicit or help other persons in the purchase of a service contract issued by an unauthorized automobile club or association in Puerto Rico. The twisting or exaggeration of the terms of a service contract is prohibited. No automobile club or association or its officers or agents shall twist or exaggerate orally or in writing the terms, benefits, or advantages of a service contract to be issued. History —Ins. Code, added as § 21.130 on June 15, 1961, No. 68, p. 133, eff. July 1, 1961.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2115/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2115 - Rules and regulations	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2115 - Rules and regulations	The Commissioner may promulgate rules and regulations to enforce the provisions of this subchapter. The violations of these rules and regulations shall be punished by an administrative fine of not more than five hundred dollars ($500). History —Ins. Code, added as § 21.150 on June 15, 1961, No. 68, p. 133; May 24, 1974, No. 46, Part 1, p. 200, § 5.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2116/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2116 - Appeals	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2116 - Appeals	The appeals from the decisions of the Commissioner regarding the enforcement of this subchapter shall be conducted as provided in § 226 of this title. History —Ins. Code, added as § 21.160 on June 15, 1961, No. 68, p. 133, eff. July 1, 1961.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2117/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2117 - Restricted application	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2117 - Restricted application	Nothing contained in this subchapter shall apply to lawyers acting in the normal course of their profession nor to any insurance company duly authorized under the laws of the Commonwealth of Puerto Rico. History —Ins. Code, added as § 21.170 on June 15, 1961, No. 68, p. 133, eff. July 1, 1961.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2118/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2118 - License required	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2118 - License required	No automobile club or association or producer shall execute, issue or deliver a service contract unless previously licensed by the Commissioner of Insurance, pursuant to the provisions of this subchapter, nor shall an automobile club or association or producer collect or receive from any person, before the execution, issuance, or delivery of any of these service contracts, any sum of money or valuable thing under promise of agreement of executing, issuing or delivering any of these service contracts, unless previously licensed by the Commissioner as provided in § 2104 of this title. History —Ins. Code, added as § 21.180 on June 15, 1961, No. 68, p. 133; Jan. 19, 2006, No. 10, § 9, eff. 120 days after Jan. 19, 2006.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2119/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2119 - Duplicate contracts; signature; disposal of copies	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2119 - Duplicate contracts; signature; disposal of copies	Each service contract executed, issued, or delivered in Puerto Rico shall be made in original and one copy, signed by the corresponding officer of the automobile club or association, or by its authorized agent and by the person in whose favor it is issued. The copy shall be kept by the automobile club or association, and the original shall be given to the member or associate. History —Ins. Code, added as § 21.190 on June 15, 1961, No. 68, p. 133, eff. July 1, 1961.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2120/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2120 - Taxation	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2120 - Taxation	Every automobile club or association, as defined in this subchapter, that is organized for profit and that conducts business in Puerto Rico, shall pay on or before March 31 of each year to the Secretary of the Treasury of the Commonwealth of Puerto Rico, through the Office of the Commissioner, a tax of one and a half percent (1 1 / 2 %) on the premiums or membership fees received by such automobile clubs or associations during the preceding calendar year. Every automobile club or association, as defined in this subchapter, that fails to file its tax return or to pay the specified taxes on fees for more than thirty (30) days after their due date, shall be liable for the payment of an administrative fine of ten dollars ($10) for each additional day of delinquency, subject to the right of the Commissioner to grant a reasonable extension of time for such filing and payment. Those automobile clubs or associations organized in Puerto Rico who maintain a main office within this jurisdiction are hereby exempted from the payment of this special tax. History —Ins. Code, added as § 21.200 on June 15, 1961, No. 68, p. 133; Dec. 28, 2000, No. 455, § 1.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2121/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2121 - Penalties	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2121 - Penalties	(a) Any person violating this subchapter shall upon conviction be punished by a fine of not less than fifty dollars ($50) nor more than five hundred dollars ($500), or by imprisonment in jail for not more than six (6) months, or both penalties. (b) Administrative fines.— The Commissioner may impose administrative fines of not more than five hundred dollars ($500) for any violation of this subchapter, after a hearing. History —Ins. Code, added as § 21.210 on June 15, 1961, No. 68, p. 133; May 24, 1974, No. 46, Part 1, p. 200, § 6.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-i/2122/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122)›§ 2122 - Applicability	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter I - Automobile Clubs or Associations (§§ 2101 — 2122) › § 2122 - Applicability	The automobile clubs or associations, as defined in this subchapter, shall not be subject to the other provisions of this Insurance Code, except in those cases where it is so expressly provided by law. History —Ins. Code, added as § 21.220 on June 15, 1961, No. 68, p. 133, eff. July 1, 1961.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-ii/2123/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter II - Service Contracts (§§ 2123 — 2134)›§ 2123 - Service contracts	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter II - Service Contracts (§§ 2123 — 2134) › § 2123 - Service contracts	The provisions of §§ 2123–2134 of this title shall constitute a separate subchapter, which shall be applicable to service contracts, as defined below. All reference to “this subchapter” shall refer to the provisions of these sections. Except for those provisions of this Code expressly stated in this subchapter to apply to service contracts, and by Subchapters I and II, the other provisions of this Code shall not be applicable to said contracts. History —Ins. Code, added as § 21.230 on Sept. 8, 2000, No. 392, § 3.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-ii/2124/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter II - Service Contracts (§§ 2123 — 2134)›§ 2124 - Scope	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter II - Service Contracts (§§ 2123 — 2134) › § 2124 - Scope	This subchapter shall not apply to manufacturer’s guarantees or maintenance contracts as defined hereinbelow. History —Ins. Code, added as § 21.240 on Sept. 8, 2000, No. 392, § 3.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-ii/2125/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter II - Service Contracts (§§ 2123 — 2134)›§ 2125 - Definitions	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter II - Service Contracts (§§ 2123 — 2134) › § 2125 - Definitions	As used in this subchapter: (1) Maintenance contract.— Means a contract of limited duration that only provides programmed maintenance. The maintenance contract shall not include any of the obligations included in the service contract. (2) Service contract.— Means a contract or agreement issued in exchange for a separate identified payment, of stipulated duration, through which the repair, replacement or incidental maintenance of the goods, or compensation for said repair, replacement or maintenance that is needed due to an operating or structural deficiency that arise due to a defect in materials, labor or fair wear and tear of the goods, is to be provided. A service contract may contain additional provisions for incidental payments under specified circumstances, for services such as towing and emergency service on the road, or in the case of goods that are not a motor vehicle, to cover damages caused by an electric power failure or accidental damage due to its use, if the latter do not constitute the main services offered in the contract. A service contract does not include insurance against mechanical failures, maintenance contracts or manufacturer’s guarantee. (3) Manufacturer.— Means a person who manufactures or produces an article and sells it under his/her name or trademark; or that is a subsidiary fully-owned by the person who manufactures or produces the article, or that is a corporation that owns one hundred percent (100%) of the entity that manufactures or produces the article; or who does not manufacture or produce the article but sells it under his/her own name or trademark; or who manufactures or produces the article which is sold under the name or trademark of another person; or who does not manufacture or produce the article, but, pursuant to a written contract, authorizes another person to sell it under the name or trademark of the former. (4) Manufacturer’s guarantee.— Means the guarantee offered by the manufacturer, importer or vendor of goods or services related thereto, free of additional costs, which is not negotiated separately from the sale of the product, that is incidental to its sale and binds said manufacturer, importer or vendor, to compensate for defective parts, mechanical failure or electrical defects. (5) Fees.— Means the total payment made in exchange of a service contract. (6) Reimbursement insurance policy.— Means an insurance policy issued in behalf of a provider, whereby the insurer is bound, for the benefit of the contract holders, to execute all the obligations and responsibilities of the provider under the terms of the service contract, in the event of noncompliance with all said obligations and responsibilities by the provider. The term “all said obligations and responsibilities” includes, but is not limited to compliance with the obligations established in the service contract, and the reimbursement of unearned fees, in the event the provider does not make said reimbursement when the service contract is cancelled or terminated. A “reimbursement insurance policy” shall also be deemed to be the one whereby an insurer makes a commitment to compensate the provider for those payments or for the cost of those products or services that he/she is bound to offer under the service contracts issued by him/her, when said policy also provides for compliance with the holder of the contract, of all the obligations and responsibilities of the provider in the event of noncompliance thereof by the provider. (7) Premium.— Means the payment made by a provider to an insurer for a reimbursement insurance policy. (8) Provider.— Means any natural or juridical person, resident or nonresident in Puerto Rico, that is bound under a service contract. (9) Non-original replacements.— Means replacement parts not manufactured for or by the original manufacturer of the product. (10) Insurance against mechanical failures.— Means a policy or contract issued by an authorized insurer whereby he/she is bound to repair, replace or maintain, or to compensate for said repair, replacement or maintenance, in the event that specific goods covered by said insurance suffer operating or structural failure due to defects in the materials or labor, or caused by the normal wear and tear of said goods. (11) Contract holder.— Means the person who acquires a service contract or that is the holder of said contract. History —Ins. Code, added as § 21.250 on Sept. 8, 2000, No. 392, § 3.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-ii/2126/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter II - Service Contracts (§§ 2123 — 2134)›§ 2126 - Requirements to do service contract business	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter II - Service Contracts (§§ 2123 — 2134) › § 2126 - Requirements to do service contract business	(1) No service contract shall be issued, sold or offered for sale in Puerto Rico, unless the provider has: (a) Provided a receipt for the acquisition of the service contract to the holder of the contract; (b) provided a copy of the service contract to the holder of the contract within a reasonable period of time from the date of acquisition, and (c) complied with the provisions of this subchapter. (2) Every provider who wishes to issue service contracts in Puerto Rico shall be registered with the Commissioner using the forms prescribed by the latter, and shall pay the Commissioner the sum of five hundred dollars ($500) a year, no later than June 30th of each year. (3) In order to ensure the faithful compliance of the obligations to the contract holders, each provider shall comply with at least one of the following requirements: (a) Insure every contract issued under a reimbursement insurance policy. (b) Maintain an adequately backed reserve, to satisfy all obligations in effect under service contracts issued in Puerto Rico. Said reserve shall not be less than forty percent (40%) of the gross fees received for all contracts, and shall be deposited in a trust constituted under the laws of Puerto Rico with the prior approval of the Commissioner. Said deposit shall be made in installments due forty-five (45) days after the close of each quarter in which the provider issues service contracts in Puerto Rico. The trust shall accredit to its funds the income received from the investment of its assets, which shall be carried out pursuant to the same standards that apply to the investments of the insurers of the country under this Code. The trustee in charge of the administration of the trust shall also be approved by the Commissioner, and shall be domiciled in Puerto Rico and shall operate the trust from this jurisdiction. Commissioner shall establish, through regulations, the norms for the use or withdrawal of funds from the trust, as well as for its liquidation if experience shows that the reserve of a provider is inadequate, the Commissioner shall require it to be increased in the amount needed to make it adequate. In addition to said reserve, provided the option in this clause is used, the provider shall fiducially deposit a financial guaranty with the Commissioner, in the amount of one hundred thousand dollars ($100,000), using one of the following options: (i) Post and keep in effect a financial security bond, issued by a licensed insurer in Puerto Rico, with the prior approval of the Commissioner. Said bond shall not be subject to cancellation, unless the Commissioner is given written notice, not less than sixty (60) days prior to the canceling thereof. (ii) Deposit assets eligible for deposit of the same type allowed to insurers, in the amount of the financial guarantee. (iii) Deposit a certificate of deposit issued by a commercial bank authorized to do business in Puerto Rico. (iv) Deposit a clear, unconditional and irrevocable letter of credit issued by an acceptable financial institution. A “clear, unconditional and irrevocable letter of credit” is one that is not conditioned to any other agreement, document or contract; that the sole presentation of a sight draft is sufficient to draw funds against it; and it cannot be modified without [t]he consent of the provider. An “acceptable financial institution” is one that is organized under the laws of Puerto Rico, the United States or any of its states; that is supervised and examined by state and federal entities that have regulatory authority over financial institutions, and is not a subsidiary or affiliate owner of the provider. (c) Maintain, or the parent company shall maintain a net worth of one hundred million dollars ($100,000,000), and if required by the Commissioner, furnish the Commissioner a copy of the most recent Form 10-K or Form 20-F filed before the Security [sic] Exchange Commission (SEC), a copy of the financial statement of the provider, or of its parent company, certified by a certified public accountant that shows that the net worth of the provider or of the parent company is not less than one hundred million dollars ($100,000,000). Provided that the said forms 10-K or 20-F, or the audited financial statements of the parent company are used to show that it complies with the requirement established herein, the parent company shall agree to secure all the obligations of the provider related to the service contracts sold by it in Puerto Rico. (4) The fees shall not be subject to premium taxes. Notwithstanding the above, if the provider acquires an insurance reimbursement policy, the corresponding premium shall be subject to the premium tax that applies to it pursuant to this Code. (5) Every authorized provider shall be liable for the acts or omissions of the persons or entities that act in representation of the provider, provided that said acts and omissions are related to the promotion, sale and offering of the service contracts of the provider. (6) No provider shall issue, deliver or use any service contract form, or application form or other addenda, unless it has first been presented to, and approved by the Commissioner; no person shall issue, nor deliver any form whatsoever that has not thus been presented to, and approved by him/her. (7) The provisions of §§ 1102, 1103, 1105, 1106, 1108, 1109, 1110, 1112, 1113, 1114, 1115, 1116, 1117, 1118, 1120, 1123, 1124, 1125, 1126, 1128, 1136 and 1137 of this title related to the service contracts, shall be applicable to the service contracts, in the measure that they are compatible, except with regard to those instances in which there is a more specific provision in this subchapter. History —Ins. Code, added as § 21.260 on Sept. 8, 2000, No. 392, § 3.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-ii/2127/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter II - Service Contracts (§§ 2123 — 2134)›§ 2127 - Required disclosures—Reimbursement insurance policy	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter II - Service Contracts (§§ 2123 — 2134) › § 2127 - Required disclosures—Reimbursement insurance policy	(1) Every reimbursement insurance policy that insures service contracts issued, sold or offered for sale in Puerto Rico, shall specifically and visibly state, that when the provider incurs noncompliance of the service contract, such as the failure to return the unearned fees received, the insurer that issued the policy shall pay the holder of the contract whichever sums that the provider is legally bound to pay pursuant to the service contract issued by him/her, or shall provide the service that the provider is legally bound to provide according to the contractual obligations under the service contract issued by the provider. (2) Nothing provided in this section shall imply that the insurer is exempted from the applicable provisions of §§ 1101–1137 of this title. History —Ins. Code, added as § 21.270 on Sept. 8, 2000, No. 392, § 3.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-ii/2128/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter II - Service Contracts (§§ 2123 — 2134)›§ 2128 - Required disclosures—Service contracts	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter II - Service Contracts (§§ 2123 — 2134) › § 2128 - Required disclosures—Service contracts	(1) Every service contract that is issued, sold or offered for sale in Puerto Rico shall be written in clear and intelligible language, and the entire contact shall be legibly printed or typewritten, and shall clearly establish the requirements provided in this section, as applicable. (2) Every service contract insured under a reimbursement insurance policy pursuant to § 2126(3)(a) of this title, shall contain a statement that substantially bears the following information: “The obligations of the provider under this service contract are guaranteed under a reimbursement insurance policy. If the provider does not pay, or does not provide a service claimed within sixty (60) days following the notice of the claim, the holder of the contract shall be entitled to file a claim directly with the insurer that offers said policy.” Under a reimbursement insurance policy, any payment not accrued by the provider may be claimed from the insurer. The service contract shall also visibly state the name and address of the insurer. (3) Every service contract not insured under a reimbursement insurance policy pursuant to § 2126(3)(a) of this title, shall contain a statement that substantially has the following information: “The obligations of the provider under this service contract are guaranteed solely by the full faith and credit of the provider.” (4) By virtue of the service contract, the return of unearned fees may be claimed from the provider. The service contract shall also visibly state the name and address of the provider. The service contract shall identify the person that will provide the service under the contract, the vendor of the service contract, and the holder of the contract, if known. (5) Every service contract shall visibly state the total price and the terms under which it is sold. (6) If prior approval is required to obtain services, the service contract shall clearly and simply establish the procedure to obtain said prior approval and to file a claim, including a toll-free telephone number for the service of claims, and, in the case of motor vehicle service contracts, a procedure to obtain emergency repairs outside of regular business hours. (7) Every service contract shall clearly and visibly state whether there is a deductible, and if so, what the deductible amount is. (8) Every service contract shall specify the products and services that shall be provided, as well as any applicable limitations, exceptions or exclusions. (9) Every motor vehicle service contract shall state the conditions under which the use of non-original replacements shall be allowed. (10) Every service contract shall state any terms, restrictions or conditions that govern its transfer to third parties. (11) Every service contract shall indicate the terms, restrictions or conditions that govern the termination or cancellation thereof, either by the holder of the contract or the provider. In the last case, the provider shall send a written notice to the holder of the contract by mail, at least fifteen (15) days prior to the termination or cancellation of the service contract. Said notice shall establish the effective date of the cancellation or termination and the reason therefor. Notwithstanding the above, the service contract may provide for the immediate cancellation or termination in cases of false or fraudulent representations that are material for the issuing of the contract, or that the provider in good faith had not issued the service contract, if the true facts had been made known to him/her. (12) Every service contract shall have a provision that will allow the holder of the contract to return the service contract within a term of not less than ten (10) days from the delivery of the service contract to the holder of the contract, or, if the service contract were remitted by mail, within a term of not less than twenty (20) days from the date of said remittance, or in a longer period allowed by the contract. Provided [that] the holder of the contract exercises such right, and has not presented any claim under the service contract, it shall be null and the provider will reimburse or credit the complete fee corresponding to the service contract, to the holder of the contract. A penalty of ten percent (10%) a month shall be imposed on said fee, that shall be added to any reimbursement or credit required by this section that is not paid within thirty (30) days following the date that the holder returns the service contract to the provider. (13) Every service contract shall establish all the obligations and duties of the holder of the contract, such as the obligation to protect the property against any additional damage and the obligation to give maintenance and service to it. (14) Every service contract shall clearly establish if it excludes subsequent damages or pre-existing conditions. History —Ins. Code, added as § 21.280 on Sept. 8, 2000, No. 392, § 3.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-ii/2129/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter II - Service Contracts (§§ 2123 — 2134)›§ 2129 - Prohibited acts	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter II - Service Contracts (§§ 2123 — 2134) › § 2129 - Prohibited acts	(1) No provider shall use in his name nor shall identify him/herself using words such as insurance, contingency, guarantee, bond, mutual, or any other words that describe the insurance business, or a name that is deceitfully similar to the name or description of any insurance or warranty insurance corporation, or of any other provider. (2) No person shall make, or otherwise verbally divulge any announcement, information, matter, statement or anything that will misconstrue or exaggerate the terms of a service contract or a reimbursement policy, or the benefits and advantages thereof, nor shall intentionally omit any material statement that would be considered deceitful when omitted, in connection with the sale, an offer for sale, or advertisement of a service contract. (3) No person shall bind nor condition the granting of a loan, or the sale of any goods, to the acquisition of a service contract. History —Ins. Code, added as § 21.290 on Sept. 8, 2000, No. 392, § 3.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-ii/2130/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter II - Service Contracts (§§ 2123 — 2134)›§ 2130 - Books and files	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter II - Service Contracts (§§ 2123 — 2134) › § 2130 - Books and files	(1) Every provider shall keep exact accounts, books and files of the transactions regulated under this subchapter. (2) The accounts, books and files of a provider shall, at least, include the following: (a) Copies of each type of service contract issued; (b) the name and address of each holder of a contract in the measure that this information has been provided by the holder of the contract; (c) a list of the places in which the provider promotes, sells or offers service contracts for sale, and (d) the claim files, which shall at least contain the date, amount and description of each receipt, claim or expense related to the service contracts. (3) With the exception of what is provided in subsection (5) of this section, every provider shall keep the pertinent files of each holder of a contract for a period of not less than three years after the term of each coverage has expired. (4) The providers may keep all the files required under this subchapter electronically or by similar filing systems. In said case, the files shall be readily accessible to the Commissioner from a terminal or other scanning device and shall have the capacity to be printed in a legible manner. (5) Any provider who discontinues his/her business in Puerto Rico shall keep his files until he/she can present sufficient satisfactory evidence to the Commissioner that he/she has complied with all his/her obligations towards the holders of contracts in Puerto Rico. History —Ins. Code, added as § 21.300 on Sept. 8, 2000, No. 392, § 3.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-ii/2131/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter II - Service Contracts (§§ 2123 — 2134)›§ 2131 - Cancellation or non-renewal of reimbursement insurance policies	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter II - Service Contracts (§§ 2123 — 2134) › § 2131 - Cancellation or non-renewal of reimbursement insurance policies	No insurer who has issued a reimbursement insurance policy shall cancel or refuse to renew the policy, unless he/she hands or sends a notice to such effect, at least sixty (60) days prior to the date that said cancellation or non-renewal becomes effective. A copy of the cancellation or non-renewal notice shall also be sent to the Commissioner, so that he may determine the subsequent compliance by the provider of the provisions of this subchapter. The termination of a reimbursement insurance policy shall not, in any way, affect the liability of the insurer for service contracts issued prior to the cancellation or non-renewal date. History —Ins. Code, added as § 21.310 on Sept. 8, 2000, No. 392, § 3.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-ii/2132/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter II - Service Contracts (§§ 2123 — 2134)›§ 2132 - Obligation to reimburse	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter II - Service Contracts (§§ 2123 — 2134) › § 2132 - Obligation to reimburse	Once a contract holder pays the corresponding service contract fee to a provider, and provided said service contract is insured under a reimbursement insurance policy, the holder of the contract shall be entitled to any benefit provided by the policy, regardless of whether the provider has paid or not the premium of the corresponding reimbursement insurance policy. The above provision shall not affect the reciprocal rights and obligations between the insurer and the provider. In those cases in which a provider recruits other persons for the promotion and sale of service contracts covered under a reimbursement insurance policy, the provider shall have the obligation of notifying the insurer of the identity of said other persons. History —Ins. Code, added as § 21.320 on Sept. 8, 2000, No. 392, § 3.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-ii/2133/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter II - Service Contracts (§§ 2123 — 2134)›§ 2133 - Service contracts in other jurisdictions	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter II - Service Contracts (§§ 2123 — 2134) › § 2133 - Service contracts in other jurisdictions	(1) Every service contract provider under this subchapter shall inform the Commissioner, within the term the Commissioner provides through regulations, whether the provider or any entity affiliated or related to him/her issues the same or similar service contracts to other jurisdictions of the United States. In the event that the provider reports that it or any affiliated or related entity issues the same or similar service contracts to residents of other United States jurisdictions, the provider shall certify to the Commissioner that the service contracts issued under this subchapter to residents of Puerto Rico offer substantially the same benefits for the same risks as the service contracts issued in other jurisdictions of the United States. (2) In the event that the provider cannot produce the certification required by this section, the Commissioner shall not authorize the issue of new service contracts under this subchapter, unless the provider submits a plan to match the benefits within a term that the Commissioner deems reasonable. Nothing in this section shall be interpreted as to create a private cause of action in behalf of the holders of service contracts, applicants for said contracts and any other person, in the event that a provider does not provide the equal benefits stated in this section. History —Ins. Code, added as § 21.330 on Sept. 8, 2000, No. 392, § 3.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-21/subchapter-ii/2134/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134)›Subchapter II - Service Contracts (§§ 2123 — 2134)›§ 2134 - Compliance provisions	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 21 - Automobile Clubs or Associations and Service Contracts (§§ 2101 — 2134) › Subchapter II - Service Contracts (§§ 2123 — 2134) › § 2134 - Compliance provisions	(1) The Commissioner shall have all the powers and prerogatives that are prescribed in §§ 201–232 of this title to enforce the provisions of this subchapter and protect the holders of contracts. (2) The Commissioner shall take any action that is necessary and appropriate to enforce the provisions of this subchapter and promulgate the regulations and issue the orders needed to protect the holders of contracts; Provided, That said regulations shall include the specific terms that the Commissioner shall have, to handle and resolve any issue pursuant to said regulations. (3) Violations of this subchapter shall be subject, among others that could otherwise be applicable, to the sanctions provided by § 2730 of this title. (4) Any person that is affected by an act of the Commissioner under this subchapter may request a hearing before the Commissioner pursuant to the provisions found in §§ 202–232 of this title. (5) The Authority of the Commissioner under this section does not limit any other authority conferred on him/her by the laws of Puerto Rico. History —Ins. Code, added as § 21.340 on Sept. 8, 2000, No. 392, § 3.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-22/2201/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 22 - Surety (§§ 2201 — 2205)›§ 2201 - Appointment, licensing of attorney-in-fact	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 22 - Surety (§§ 2201 — 2205) › § 2201 - Appointment, licensing of attorney-in-fact	(1) A surety insurer shall file with the Commissioner the appointment and power of attorney of every individual authorized by it to execute surety instruments in Puerto Rico on its behalf. (2) All such powers of attorney shall comply with and be subject to the laws of Puerto Rico regarding powers of attorney in general and protocolization thereof (§§ 921–927 of Title 4). (3) No attorney-in-fact license shall be issued to any person, if the following qualifications are not met: (a) To actually reside in Puerto Rico and to have been a bona fide resident of Puerto Rico for at least one year immediately before the date on which the license is applied for. (b) To be trustworthy and competent. (c) To be at least twenty-one years old and to have completed high school or its equivalent. (d) To pass satisfactorily any examination required pursuant to Section 9.110. (4) Upon such filing of such power of attorney, in proper form, and compliance by the applicant of the requirements of this section, the Commissioner shall issue to the individual so appointed a license as the insurer’s attorney-in-fact. The license shall be for such duration and be subject to renewal, suspension or revocation, as is provided under this title for the licenses of insurance producers. The license fee shall be as set forth in § 701 of this title. (5) No person shall execute surety instruments on behalf of such an insurer in Puerto Rico, except in compliance with this section, including, but not limited to, officers of the insurer residing in Puerto Rico. History —Ins. Code § 22.010; July 23, 1974, No. 151, Part 1, p. 695, § 9; Jan. 19, 2006, No. 10, § 9, eff. 120 days after Jan. 19, 2006.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-22/2202/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 22 - Surety (§§ 2201 — 2205)›§ 2202 - Requirements deemed met by surety insurer	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 22 - Surety (§§ 2201 — 2205) › § 2202 - Requirements deemed met by surety insurer	Whenever by law or by rule of any court, public official, or public body, any surety bond, recognizance, obligation, stipulation or undertaking is required or is permitted to be given, any such bond, recognizance, obligation, stipulation, or undertaking which is otherwise proper and the conditions of which are guaranteed by an authorized surety insurer, or by an unauthorized surety insurer as a surplus line pursuant to §§ 1001–1020 of this title, shall be accepted and shall be deemed to fulfill all requirements as to number of sureties, residence, or status of sureties, and other similar requirements. History —Ins. Code § 22.020.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-22/2203/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 22 - Surety (§§ 2201 — 2205)›§ 2203 - Release from liability	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 22 - Surety (§§ 2201 — 2205) › § 2203 - Release from liability	A surety insurer shall be released from its liability on the same terms and conditions as are provided by law for the release of individuals as sureties, except as otherwise expressly provided by the law under which any such surety undertaking is required. History —Ins. Code § 22.030.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-22/2204/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 22 - Surety (§§ 2201 — 2205)›§ 2204 - Surety insurance; solidarity	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 22 - Surety (§§ 2201 — 2205) › § 2204 - Surety insurance; solidarity	Every surety insurance which guarantees performance of a contract, whether a civil or criminal bond, or any type of obligation shall jointly and severally bind the insurer and his principal, but subject to the terms of prescription or caducity. History —Ins. Code, added as § 22.040 on May 10, 1976, No. 32, p. 84, § 21.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-22/2205/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 22 - Surety (§§ 2201 — 2205)›§ 2205 - Payment of claims	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 22 - Surety (§§ 2201 — 2205) › § 2205 - Payment of claims	The surety insurer committed under the provisions of § 2204 of this title shall be bound to pay the debt of his principal at the request of the creditor, after verifying, within a term of ninety (90) days, that the claim exists, and is liquidable and demandable. If within that term the insurer does not pay the claim without good cause he shall be guilty of a violation of § 2716a of this title. History —Ins. Code, added as § 22.050 on May 10, 1976, No. 32, p. 84, § 21.
https://law.justia.com/codes/puerto-rico/title-twenty-six/subtitle-1/chapter-23/2301/	PR	Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TWENTY-SIX - Insurance (§§ 101 — 10377)›Subtitle 1 - Insurance Generally (§§ 101 — 4513)›Chapter 23 - Mortgage Loans Insurance (§§ 2301 — 2307)›§ 2301 - Short title; definitions	2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 23 - Mortgage Loans Insurance (§§ 2301 — 2307) › § 2301 - Short title; definitions	This chapter shall be known as the “Mortgage Loans Insurance Act” and may be cited as such. For the purposes of this chapter: (1) Mortgage loans insurance.— Means insurance against financial losses arising from default in the payment of the principal, interest and other sums payable under the terms of any note or bond or other evidence of indebtedness secured by a mortgage, trust deed, or other instrument constituting a lien or encumbrance on real property. (2) Authorized realty guaranty.— Means a promissory note, bond, or any other evidence of amortizable indebtedness not exceeding one hundred percent (100%) of the reasonable market value of the realty, secured by a mortgage, trust deed, or any other instrument constituting the first encumbrance or lien on the realty; Provided, [That]: (a) The property securing the insured loan must be of a residential type or (b) Building or buildings designated to be occupied for industrial or business purposes. (c) The lien on such real property may be subject and subordinate to the following: (i) The lien of any public bond, impost or tax, whose payments are not in arrears. (ii) Pending rights on minerals, petroleum or timber, easements, rights of way or support, sewer (or drainage) rights, restrictions for building or any other restrictions or agreements, conditions or regulations for use, or leases existing on said real property under which the rentals or benefits belong to its owner. (3) Reserve for contingencies.— means an additional reserve of premiums established for the protection of the policyholders against the effects of adverse conditions in the economic cycle. (4) Surplus with regard to policyholders.— means the aggregate sum of the capital, surplus and reserve for contingencies. History —Ins. Code, added as § 23.010 on Mar. 11, 1976, No. 12, p. 27, § 1; Aug. 15, 1999, No. 244, § 1; May 16, 2002, No. 65, § 1.