P.R. Laws tit. 26, § 1342
There shall be a provision that the policy shall be incontestable after it has been in force during the lifetime of the insured, for a period not exceeding two (2) years from its issuance date, except for nonpayment of premiums and, at the option of the insurer, for violation of any of the limitations permitted under § 1360 of this title, if contained in the policy. No statement made by any insured person, in accordance with § 1110 of this title, shall be used in any litigation, unless a copy of the document that contains said statement is or has been delivered to said person or his/her beneficiary.
The policy shall allow a separate contestable period not to exceed two (2) years after the date of any change requiring underwriting. The contest shall be limited to the change and the statements provided therefor.
History —Ins. Code, added as § 13.070 on Nov. 9, 2007, No. 165, § 1, eff. 90 days after Nov. 9, 2007.