The following are compulsory requirements for an enterprise to obtain a franchise from the Tourism Company:
(a) File the commercial or corporate name, emblem and colors to be used when rendering tourist ground transportation services duly authorized by the Department of State of the Commonwealth of Puerto Rico.
(b) Submit the description of the vehicles proposed to be used, including without limitation, the make, model, year, engine number, capacity, vehicle title and registration and license plate number issued by the Department of Transportation and Public Works.
(c) Specify the rates proposed to be charged for the tourist ground transportation services to be offered.
(d) File before the Tourism Company a public liability insurance policy with an insurer authorized by the Commissioner of Insurance to do business in Puerto Rico, for a reasonable amount to be determined by the Tourism Company, and with the purpose of responding or indemnify[ing] for damages caused to passengers, third parties, [or] [an]other person’s property as a result of operating the vehicle. The Tourism Company shall detail, through regulation approved to that effect, the coverage, limits and content of the required insurance policies.
History —Dec. 19, 2002, No. 282, § 43, eff. 180 days after Dec. 19, 2002.