P.R. Laws tit. 26, § 1013
(1) There is hereby imposed upon each surplus line coverage granted in Puerto Rico, or which covers residents[’] risks, located or to be performed in Puerto Rico wherever it was negotiated, a tax equal to nine percent (9%) of the total premium collected on account thereof, excluding the tax, except for any insurance covering the risk of medical-hospital professional malpractice. The broker shall be responsible for the collection and payment of the tax.
(2) Within sixty (60) days after a surplus line coverage has been procured, the broker shall file with the Commissioner a report thereof for tax purposes, stating the names and addresses of the insurer and the insured, the policy number and date of issue, the amount of premium received, and the computation and amount of tax due. The report shall be accompanied by a certified check payable to the Secretary of the Treasury for the amount of tax payable on account of the coverage reported.
(3) The surplus line insurer and such premium shall not be subject to any tax under this title other than as provided in this section.
History —Ins. Code § 10.130; July 30, 1974, No. 274, Part 2, p. 322; Feb. 16, 1979, No. 15, p. 28, § 8; June 18, 1980, No. 151, p. 678, § 3; Dec. 19, 2002, No. 284, § 3.