2909

(1) Each policy holder of a mutual insurer, other than as to reinsurance, is a member of such insurer with the rights and obligations of such membership, and each policy issued by such an insurer shall so specify.\n(2) Any agency, instrumentality, or public corporation of the People or Commonwealth of Puerto Rico, or any political subdivision thereof, and any person, firm, corporation, board, association, entity, estate, assignee, fiduciary, or trustee is authorized to be a member of and to contract insurance with any mutual insurer authorized to transact insurance in Puerto Rico or by way of surplus line coverage pursuant to §§ 1001–1020 of this title.\nHistory —Ins. Code § 29.090.