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2111 — 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 21 - Automobile Clubs or Associations and Service Contracts Sub/
  7. Subchapter I - Automobile Clubs or Associations § 2106a - Books and Documents Required/
  8. 2111
Puerto Rico Legal Code

2111

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No service contract shall be issued or delivered in Puerto Rico unless it contains the following:\n(a) The name of the automobile club or association.\n(b) The exact address of the home office of the automobile club or association and that of its business office in Puerto Rico showing the street, number, and city.\n(c) A clause stating that the contract shall be cancellable at any time by the company or by the contract holder and that the latter has a right to receive the unearned portion of the money paid for such contract, on a pro-rata basis, with no discount whatsoever.\n(d) A clause clearly specifying the services promised; another stating that the contract holder shall not have to pay any sum in addition to that specified in the contract, and another specifying the territory within which the services shall be rendered and the date on which such services shall commence.\nHistory —Ins. Code, added as § 21.110 on June 15, 1961, No. 68, p. 133, eff. July 1, 1961.