P.R. Laws tit. 26, § 1233
(1) The Commissioner shall, at least once in five years, make or cause to be made an examination of each rating organization licensed in Puerto Rico, and he may, as often as he deems it expedient, make or cause to be made an examination of each advisory organization referred to in § 1235 of this title, and of each group, association, or other organization referred to in § 1234 of this title.
(2) The reasonable costs of the examination shall be paid by the person or organization examined upon presentation of a detailed account of such costs.
(3) The directors, officers, agents, and employees of such person or organization may be examined under oath, and shall exhibit all books, records, accounts, documents, or agreements governing its affairs.
(4) The Commissioner shall furnish two copies of the examination report to the person or organization examined, together with notice that upon request made within twenty days thereafter, a hearing will be held upon such report before it is filed for public inspection. The report of examination, when filed for public inspection, shall be admissible in evidence in any action or proceeding brought by the Commissioner against the person or organization examined, or its officers or agents, and shall be prima facie evidence of the facts therein stated. The Commission may withhold the report from public inspection as long as he may deem proper.
(5) In lieu of any such examination, the Commissioner may accept the report of an examination made by the insurance supervisory official of another state or country, pursuant to the laws of such state or country.
History —Ins. Code § 12.330.