P.R. Laws tit. 26, § 3632
2019-02-20 00:00:00+00
A society shall invest its funds only in such investments as are authorized by the laws of Puerto Rico for the investment of assets of life insurance companies and subject to the limitations thereon. Any foreign or alien society permitted or seeking to do business in Puerto Rico which invests its funds in accordance with the laws of the state, district, territory, country or province in which it is incorporated, shall be held to meet the requirements of this section for the investment of funds.
History —Ins. Code, added as § 36.320 on June 13, 1964, No. 55, p. 122.