P.R. Laws tit. 26, § 2929
2019-02-20 00:00:00+00
(1) If so provided in the insurer’s articles of incorporation, a stock insurer shall have a lien upon the shares of a stockholder and dividends accruing thereon, as security for payment of obligations owing to the insurer by such stockholder.
(2) If so provided in the policy issued by a mutual insurer, such an insurer shall have a lien upon dividends and benefits payable under the policy, as security for payment of obligations owing to the insurer by the policyholder member.
History —Ins. Code § 29.290.