(1) An unauthorized insurer shall not maintain an action in Puerto Rico with respect to any insurance coverage which at time of issuance was to cover any subject resident, located, or to be performed in Puerto Rico, but such insurer may defend an action as provided in §§ 1005 and 1006 of this title.
(2) Subsection (5) of § 1001 of this title shall likewise apply to this section.
(3) This section shall not apply to action brought with respect to an insurer’s investments or other transactions not specified in subsection (1), or to surplus line coverages.
History —Ins. Code § 10.020.