P.R. Laws tit. 26, § 949o
(1) The application for a license shall be made to the Commissioner by the applicant. The application must be sworn to by the applicant and shall contain that information and those documents the Commissioner may require.
(2) Should the applicant be a partnership or a corporation, the application shall also indicate the names of all partners, officials and directors as well as designate every person who shall exercise the powers to be conferred by the license to said partnership or corporation. The Commissioner shall require that every person so designated furnish information as though for an individual license.
The application for a license as solicitor shall be accompanied by a written statement executed by the producer by whom the applicant is to be appointed, stating:
(a) The appointment of the applicant as solicitor, subject to the license being issued.
(b) Whether the producer has made an investigation about the probity and qualifications of the applicant and the results of the same.
(c) Whether said insurance solicitation shall constitute the principal occupation of the applicant.
(d) Any other information the Commissioner may require.
(3) The willful misrepresentation of any fact required in said application or declaration is a violation of this chapter and the same may be cause for denial, cancellation, non-renewal or suspension of the license.
(4) As part of the procedure for renewing a license, or at any date after the same has been issued, the Commissioner may require the presentation of a new application containing the pertinent information.
History —Ins. Code, added as § 9.090 on Jan. 19, 2006, No. 10, § 8, eff. 120 days after Jan. 19, 2006.