(1) No person shall enter into or concert any action, or agreement to commit, or by any concerted action shall commit any act of boycott, coercion or intimidation resulting in or tending to result in unreasonable restraint of or in a monopoly in the insurance business.\n(2) No person shall force nor condition the subscription, assumption, sale or purchase of a specific risk of one type of insurance to the subscription, assumption, purchase or sale of another risk of another type of insurance. Nevertheless, any insurer may offer any of those multiple line insurance policies which are authorized by the Commissioner.\n(3) Any insurer may retain, invest in or acquire the whole or any part of the capital stock of any other insurer or insurers, or have a common management with any other insurer or insurers, unless such retention, investment, acquisition or common management is inconsistent with any other provision of this title, or unless by reason thereof the business of such insurers with the public is conducted in a manner which substantially lessens competition in general in the insurance business or tends to create a monopoly therein.\n(4) A person may be a director of two or more the public is conducted in a manner which substantially lessens competition in general in the insurance business or tends to create a monopoly therein.\n(4) A person may be a director of two or more insurers which are competitors, unless the effect thereof is to substantially lessen competition between insurers in general or tends to create a monopoly.\nHistory —Ins. Code § 27.030; July 20, 1979, No. 165, p. 420, § 6; renumbered as § 27.070 and amended on Aug. 9, 2008, No. 230, § 5, eff. 90 days after Aug. 9, 2008.
Puerto Rico Legal Code