The surety insurer committed under the provisions of § 2204 of this title shall be bound to pay the debt of his principal at the request of the creditor, after verifying, within a term of ninety (90) days, that the claim exists, and is liquidable and demandable. If within that term the insurer does not pay the claim without good cause he shall be guilty of a violation of § 2716a of this title.\nHistory —Ins. Code, added as § 22.050 on May 10, 1976, No. 32, p. 84, § 21.
Puerto Rico Legal Code