The provisions of this chapter shall not apply to those mortgage insurances in which the Housing Bank acts as insurer by virtue of §§ 261–272 of Title 7. Provided, That in cases where the Housing Bank may opt to contract the mortgage insurances with an insurance company, the latter shall be bound to comply with the provisions of this chapter.\nHistory —Ins. Code, added as § 23.070 on Mar. 11, 1976, No. 12, p. 27, § 2.
Puerto Rico Legal Code