P.R. Laws tit. 26, § 2118
2019-02-20 00:00:00+00
No automobile club or association or producer shall execute, issue or deliver a service contract unless previously licensed by the Commissioner of Insurance, pursuant to the provisions of this subchapter, nor shall an automobile club or association or producer collect or receive from any person, before the execution, issuance, or delivery of any of these service contracts, any sum of money or valuable thing under promise of agreement of executing, issuing or delivering any of these service contracts, unless previously licensed by the Commissioner as provided in § 2104 of this title.
History —Ins. Code, added as § 21.180 on June 15, 1961, No. 68, p. 133; Jan. 19, 2006, No. 10, § 9, eff. 120 days after Jan. 19, 2006.