(1) No chief official of an insurer shall swear an annual statement report knowing that it contains false or inaccurate information.\n(2) No person shall make any false entry in any book, report or statement or omit to make a true entry of any material fact pertaining to the business of the insurer, or file a false financial situation of any insurer or other person required to file accounts statements pursuant to the provisions of this Code.\n(3) No person shall make a compilation that contravenes the accounting methods and practices generally accepted within the insurance business or those approved by the Commissioner.\n(4) Any person who intentionally violates this provision shall incur a felony.\nHistory —Ins. Code § 27.060, renumbered as § 27.090 and amended on Aug. 9, 2008, No. 230, § 7, eff. 90 days after Aug. 9, 2008.
Puerto Rico Legal Code