P.R. Laws tit. 26, § 1376
Except as otherwise provided by the Commissioner through regulations:
(1) Assets placed in a separate account shall be assessed in the basis of market value at the time of the assessment or, in the event there is not an immediately available market at the time, the assessment shall be made in agreement with the terms of the contract, rules or other written agreement applicable to such separate account;
(2) Provided, That the portion, if any, of the assets of said separate account equal to the reserve of the insurer with respect to the benefits, and the funds referred to in § 1375 of this title, are assessed in agreement to the standards otherwise applicable to the assets of the insurer.
History —Ins. Code, added as § 13.420 on Nov. 9, 2007, No. 165, § 1, eff. 90 days after Nov. 9, 2007.