P.R. Laws tit. 10, § 167b
Every wholesale manufacturer and importer shall be registered in the Department. This registration does not exempt them from the registration required by any other agency or instrumentality of the Government of Puerto Rico for compliance with any other law or regulations. On or before January 31 of each year, each one of them shall file a sworn statement which shall consign the following information:
(a) Name, address, telephone and fax number, e-mail of the natural or juridical person who is the applicant, if any, as well as that of its president and directors, and the name and address of the resident agent, if a corporation or that of its partners in the case of a partnership.
(b) Information on the other firms participating in the capital of the applicant, identifying the same with the same information required in subsection (a) of this section.
(c) Commercial relationship of the applicant with financial entities, distributors, main office, affiliates or subsidiaries or with firms that usually use cement, and the identification thereof, as required in subsection (a) of this section.
(d) The sworn statement shall enclose a check or money order payable to the Secretary of the Treasury for the sum of one thousand dollars ($1,000) for the original registration fee, and of five hundred dollars ($500) for its annual renewal. In the case of a corporation or partnership, it shall also include a copy of the certificate of incorporation or of the constitution charter, as the case may be, only in the original registration.
(e) A bond with a minimum coverage of [one million] dollars ($1,000,000) per person and [two million] dollars ($2,000,000) per event to guarantee compensation to third parties for any damage caused by deficiencies in the quality of cement within the term provided by the Civil Code of Puerto Rico. This bond or insurance may also respond to any administrative or judicial imposition caused by noncompliance with this chapter, if the infractor fails to do so within a term of thirty (30) days after the decision becomes final and binding. Every bond required in this section shall be obtained from an insurance company certified by the Insurance Commissioner of Puerto Rico to do business in Puerto Rico.
(f) Any change in the information previously furnished shall be notified in writing to the Department within (10) ten days following the date of the event.
(g) Any cancellation, alteration or material change in the policy or bond indicated in subsection (d) of this section shall be notified to the Department thirty (30) days prior to the same for the approval of the Secretary.
History —Sept. 17, 2001, No. 132, § 6, eff. 60 days after Sept. 17, 2001.