P.R. Laws tit. 26, § 3614
2019-02-20 00:00:00+00
(1) A society authorized to do business in Puerto Rico may provide for the payment of:
(a) Death benefits in any form;
(b) endowment benefits;
(c) annuity benefits;
(d) temporary or permanent disability benefits as a result of a disease or accident;
(e) hospital, medical or nursing benefits due to sickness or bodily infirmity or accident, and
(2) Such benefits may be provided on the lives of members or, upon application of a member, on the lives of the member’s family, including the member, the member’s spouse and minor children, in the same or separate certificates.
History —Ins. Code, added as § 36.140 on June 13, 1964, No. 55, p. 122.