P.R. Laws tit. 26, § 1103
(1) Any person of competent legal capacity may contract for insurance.
(2) A minor after reaching fifteen years of age shall have legal capacity to negotiate, contract, trade, receive, and exercise all contractual rights and privileges in relation to:
(a) Life or disability insurance on his own life or body.
(b) Life or disability insurance contracts on his own life or body made for him before he reached age fifteen.
(c) The interest he may have in a life or disability insurance contract on his life or body, made by another person either before or after he reached age fifteen.
(d) If married, life or disability insurance contracts with respect to the spouse and their children.
(e) If married or otherwise emancipated, insurance contracts with respect to his property and interests therein and his legal liabilities, subject to § 915 of Title 31.
Except, that such a minor, other than in the cases provided for in clauses (d) and (e) of this subsection, or unless otherwise emancipated, shall not be bound by any unperformed agreement to pay, by promissory note or otherwise, any premium on any such insurance contract.
History —Ins. Code § 11.030.