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103 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Twenty-six - Insurance (§§ 101 — 10377)/
  5. Subtitle 1 - Insurance Generally/
  6. Chapter 1 - Scope of Insurance Code § 101 - Short Title: Insurance Code of Puerto Rico/
  7. 103
Puerto Rico Legal Code

103

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Insurer.— The person engaged in making insurance contracts as defined in § 105 of this title. Without limiting the generality of the previous definition, a reciprocal insurance exchange, benefit society, health service organization or any kind of group organized either for profit or nonprofit, engaged in the business of underwriting insurance contracts is an insurer. History —Ins. Code § 1.030; May 31, 1973, No. 73, p. 328, § 2; Aug. 13, 2008, No. 263, § 1, eff. 3 months after Aug. 13, 2008.