P.R. Laws tit. 26, § 1355
2019-02-20 00:00:00+00
If an annuity or pure endowment contract, other than a reversionary, survivorship or group annuity, is a participating contract, there shall be a provision that the insurer shall ascertain and apportion any divisible surplus accruing on the contract beginning not later than the end of the third policy year and annually thereafter.
History —Ins. Code, added as § 13.210 on Nov. 9, 2007, No. 165, § 1, eff. 90 days after Nov. 9, 2007.