P.R. Laws tit. 26, § 2813
(1) Actual solicitations under a solicitation permit shall be made only by individuals expressly licensed therefor by the Commissioner.
(2) Application for such license shall be made in writing by the applicant setting forth such information concerning the applicant and on such form as the Commissioner shall prescribe and furnish. The application shall be accompanied by record of the appointment of the applicant as a representative of the holder of the solicitation permit for the purpose of making solicitations thereunder, subject to issuance of the license.
(3) The Commissioner shall not so license any individual found by him to be untrustworthy, or to be a person of poor credit standing or of ill repute.
(4) The license shall expire as of midnight on the June 30 next following date of issue, and may be renewed for another year upon application therefor and payment of license fee.
(5) Fee for the license shall be as provided in § 701 of this title.
(6) Such license shall be in lieu of any insurance agent’s license as to a mutual or reciprocal insurer being formed, and in lieu of any similar license required under laws applicable to corporations in general.
(7) The Commissioner may revoke any such license for any cause for which granting of the license could have been denied if then existing and known to the Commissioner, or for misrepresentation. The Commissioner shall revoke any such license upon request of the holder of the solicitation permit, or upon expiration or revocation of the solicitation permit.
History —Ins. Code § 28.130.