Every insurance company authorized to do business in Puerto Rico shall have the following obligations, without prejudice or impairment to the provisions and obligations found in other laws:
(1) The insurer or his authorized representative will carry out a physical inspection of every vehicle it intends to insure, and in the case of used vehicles, at least two (2) photographs shall be taken from different angles, one of which shall show the license number, and they shall be kept in the file. To such purposes, the insurer shall maintain in its files written evidence of the inspection, which shall certify that the information contained in the policy has been directly corroborated against the automobile to be insured. When the insurance of the vehicle is only for third party liability, the requirement of the photographs shall not be applicable.
(2) To immediately notify the Puerto Rico Police of every vehicle reported as missing, stolen or illegally appropriated and of all claims filed due to such a disappearance, theft or illegal appropriation.
(3) To surrender to the Puerto Rico Police the license plates, licenses or certificates belonging to insured vehicles that have been declared a total loss due to an accidental or intentional act, theft or illegal appropriation and whose possession has been transferred to the insurer.
(4) To register in its name in the Motor Vehicle Register of the Department of Transportation and Public Works every vehicle or salvage that becomes its property for any reason, so that this data can be entered into the Register.
History —Aug. 5, 1987, No. 8, p. 612, § 10; May 15, 2003, No. 125, § 1.