P.R. Laws tit. 26, § 1379
2019-02-20 00:00:00+00
The powers granted to the Commissioner of Financial Institutions, pursuant to §§ 851–895 of Title 10, known as the “Uniform Securities Act”, with regards to the regulation and supervision of all aspects of the variable annuities as long as these are securities, shall not be affected in any manner by the enforcement of this section and §§ 1366–1374 of this title. These securities, variable annuities, shall remain covered by the “Uniform Securities Act” and the regulations approved thereunder.
History —Ins. Code, added as § 13.450 on Nov. 9, 2007, No. 165, § 1, eff. 90 days after Nov. 9, 2007.