P.R. Laws tit. 26, § 3803
This chapter shall apply to all types of insurance, except reinsurance, but shall not apply to:
(1) Life or disability insurance.
(2) Mortgage guaranty, financial guaranty and other forms of insurance that offer protection against investment risks.
(3) Guaranty insurance, except fidelity bonds which secure the probity of public employees.
(4) Warranty or service contract insurance.
(5) Title insurance.
(6) Ocean maritime insurance.
(7) Any transaction or combination of transactions between a person (including the affiliates thereof) and an insurer (including the affiliates thereof) which involves the transfer of credit or investment risks, which is not accompanied by a transfer of insurance risk.
(8) Any insurance provided or guaranteed by the government.
History —Ins. Code, added as § 38.030 on Aug. 17, 1991, No. 72, § 1.