P.R. Laws tit. 26, § 3317
2019-02-20 00:00:00+00
Any person, public or private corporation, firm, board, association, estate, trustee or fiduciary, in Puerto Rico or elsewhere, may make application, enter into agreement for and hold policies or contracts in or with and be a subscriber of any domestic or foreign reciprocal insurer. Any officer, representative, or trustee, receiver or legal representative of any such subscriber or policyholder, shall be recognized as acting for or on its behalf for the purpose of such contracts or subscribership but shall not be personally liable upon such contract by reason of acting in such representative capacity.
History —Ins. Code § 33.170.