(1) No annuity or pure endowment contract other than a reversionary annuity, a survivorship annuity, or a group annuity, shall be delivered or issued for delivery in Puerto Rico unless it contains in substance each of the provisions specified in §§ 1351–1356 of this title. Any of such provisions not applicable to single premium annuities or single premium pure endowment contracts shall not, to that extent, be incorporated therein.\n(2) This section shall not apply to contracts for annuities included in, or upon the lives of beneficiaries under, life insurance policies.\nHistory —Ins. Code, added as § 13.160 on Nov. 9, 2007, No. 165, § 1, eff. 90 days after Nov. 9, 2007.
Puerto Rico Legal Code