(1) Policies shall contain such standard provisions as are required by the applicable provisions, if any, of this title pertaining to contracts of particular kinds of insurance. The Commissioner may waive the required use of a particular standard provision in a particular insurance policy form if:\n(a) He finds such provision unnecessary for the protection of the insured or beneficiary, and inconsistent with the purposes of the policy, and\n(b) the policy is otherwise approved by him.\n(2) No policy shall contain any provision inconsistent with or contradictory to any such standard provision used or required to be used, but the Commissioner may approve less favorable to the which in his opinion is not in any particular less favorable to the insured or beneficiary than the standard provision otherwise required.\nNo endorsement, rider, or other documents attached to such policy shall in any respect conflict with any such standard provision, or such approved substitute provision, contained or required to be contained in the policy. Any waiver or attempted waiver by the insured of any such standard or substitute provisions shall be void.\n(3) In lieu of the standard provisions contained or required to be contained in the policy. Any waiver or attempted waiver by the insured of any such standard or substitute provisions shall be void.\n(3) In lieu of the standard provisions required by this title for policies for particular kinds of insurance, substantially similar standard provisions required by the law of a foreign insurer’s domicile or port of entry state into the United States may be used when approved by the Commissioner.\nHistory —Ins. Code § 11.130.
Puerto Rico Legal Code