P.R. Laws tit. 26, § 1823
2019-02-20 00:00:00+00
No agreements shall be made under which a person or organization, other than the insurer or his/her authorized claims representative, shall adjust or settle claims. The creditor shall not be designated as claims representative of the insurer.
(1) All claims shall be promptly reported to the insurer or his/her claims representative, who shall keep adequate files of the claims.
(2) All consumer credit insurance claims shall be subject to the provisions of § 2716 of this title.
History —Ins. Code, added as § 18.120 on Jan. 9, 1999, No. 15, § 2; Feb. 25, 2008, No. 19, § 6, eff. 90 days after Feb. 25, 2008.