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1225 — Puerto Rico Law | CourtGPT
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  4. Title Twenty-six - Insurance (§§ 101 — 10377)/
  5. Subtitle 1 - Insurance Generally/
  6. Chapter 12/
  7. 1225
Puerto Rico Legal Code

1225

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(1) Each rating organization shall furnish its rating services without discrimination to all of its members and subscribers, and shall, subject to reasonable rules and regulations, permit any authorized insurer, not admitted to membership, to become a subscriber to its rating services for any kind of insurance, subdivision, or class of risk or a part or combination thereof for which it is authorized to act as a rating organization.\n(2) Notice of proposed changes in rules and regulations shall be given to subscribers. The reasonableness of any rule or regulation in its application to subscribers, or the refusal of any rating organization to admit an insurer as a subscriber, shall, at the request of any subscriber, or to [of] any such insurer, be reviewed by the Commissioner at a hearing held upon at least ten days’ written notice to such rating organization and to such subscriber or insurer.\nHistory —Ins. Code § 12.250.