P.R. Laws tit. 26, § 2134

2019-02-20 00:00:00+00
§ 2134. Compliance provisions

(1) The Commissioner shall have all the powers and prerogatives that are prescribed in §§ 201–232 of this title to enforce the provisions of this subchapter and protect the holders of contracts.

(2) The Commissioner shall take any action that is necessary and appropriate to enforce the provisions of this subchapter and promulgate the regulations and issue the orders needed to protect the holders of contracts; Provided, That said regulations shall include the specific terms that the Commissioner shall have, to handle and resolve any issue pursuant to said regulations.

(3) Violations of this subchapter shall be subject, among others that could otherwise be applicable, to the sanctions provided by § 2730 of this title.

(4) Any person that is affected by an act of the Commissioner under this subchapter may request a hearing before the Commissioner pursuant to the provisions found in §§ 202–232 of this title.

(5) The Authority of the Commissioner under this section does not limit any other authority conferred on him/her by the laws of Puerto Rico.

History —Ins. Code, added as § 21.340 on Sept. 8, 2000, No. 392, § 3.