No service contract issued in Puerto Rico shall become effective until a form of such contract has been kept filed in the Office of the Commissioner for sixty days, unless before the expiration of this term the form has been approved in writing by the Commissioner, nor shall any contract become effective or issued if the Commissioner informs the automobile club or association in writing, within such sixty-day period, that in his opinion the contract form does not comply with the laws of Puerto Rico, stating his reasons.
History —Ins. Code, added as § 21.100 on June 15, 1961, No. 68, p. 133, eff. July 1, 1961.