P.R. Laws tit. 26, § 3508
2019-02-20 00:00:00+00
(1) After issuance of a certificate of authority to a domestic Lloyd’s insurer, the compact among the individual insurers or underwriters, the power of attorney, and the name of the insurer shall not be changed except with the approval of the Commissioner.
(2) The insurer shall promptly notify the Commissioner in writing of any change:
(a) Of location of principal office or place of business.
(b) Substitution of attorney-in-fact.
(c) Substitutions or additions among individual insurers or underwriters.
The Commissioner may, in his discretion, require the execution and filing of new documents as originally required of the insurer, on account of any changes.
History —Ins. Code § 35.080.