P.R. Laws tit. 26, § 1817
The following provisions shall apply to disability credit insurance and unemployment credit insurance:
(1) The total number of installment payments payable by the disability credit insurance and the unemployment credit insurance in the case of claims, shall not exceed the aggregate sum of the unpaid periodic installments of the gross debt and the amount of each installment shall not exceed the amount of the original gross debt divided by the number of installments.
(2) Notwithstanding the provisions of subsection (1) of this section, the insured amount for disability and unemployment credit insurance underwritten in connection with regard to a rotating account plan and a credit card shall not exceed the gross debt corresponding to said amount if periodic installments are used. Subject to the limits established by the policy, the periodic installments shall not be less than the minimum amount the debtor should pay.
History —Ins. Code, added as § 18.060 on Jan. 9, 1999, No. 15, § 2, eff. 90 days after Jan. 9, 1999.