P.R. Laws tit. 26, § 3414
2019-02-20 00:00:00+00
All the insurance cooperatives organized under this Code, shall be under obligation to set aside annually not less than one tenth (1/10) of one percent (1%) of the total volume of premiums paid for purposes of cooperative education. Provided, That the insurance cooperatives may contribute voluntarily to the League of Cooperatives of Puerto Rico a part of all their funds for educational purposes, in order that the latter may intensify the work on cooperative education.
History —Ins. Code, added as § 34.140 on June 26, 1959, No. 84, p. 220, § 1; Nov. 12, 2007, No. 174, § 16, eff. 30 days after Nov. 12, 2007.