P.R. Laws tit. 26, § 1206
(1) The Commissioner shall review a filing as soon as reasonably possible after made, to determine whether it meets the requirements of this chapter.
(2) Except as provided in § 1207 of this title:
(a) No such filing shall become effective within thirty days after date of filing with the Commissioner, which period may be extended by the Commissioner for an additional period of not to exceed sixty days, if he gives notice within such waiting period to the insurer or rating organization which made the filing, that he needs such additional time for the consideration of the filing. Provided, That in case that the Commissioner may determine that the information furnished in the filing is not sufficient and therefore he requests additional information, the period of time lapsed from the moment in which the Commissioner gives notice of his request for additional information until same is filed with him, shall not be counted in the computation of the above-mentioned terms. The Commissioner may, upon application and for cause shown, waive such waiting period or any part thereof as to a filing which he has not disapproved.
(3) A filing shall be deemed to meet the requirements of this chapter unless disapproved by the Commissioner within the waiting period or any extension thereof.
(4) A rate filing as to any insurance or surety bond in lieu thereof required by any act of the Legislature shall not become effective until approved by the Commissioner.
History —Ins. Code § 12.060; July 23, 1974, No. 133, Part 1, p. 598, § 8.