P.R. Laws tit. 26, § 1920
2019-02-20 00:00:00+00
Any rehabilitation, liquidation, or conservation of the organization shall be considered as that of an insurance company and shall be conducted under the supervision of the Commissioner under the provisions of this code on rehabilitation, liquidation or administration of insurance companies. The Commissioner may request the court to issue an order of rehabilitation, liquidation, or other remedy that may lie under any one or more of the grounds established in Section 40.020 of this Code, or when, in his opinion, to continue operating the organization would be prejudicial to the subscribers or to the public interest.
History —Ins. Code, added as § 19.200 on June 2, 1976, No. 113, p. 313, § 1.