The Office of the Insurance Commissioner shall oversee and supervise negotiations between providers or provider representatives, third-party administrators, and health services organizations, in connection with health care plans, pursuant to the powers and authorities conferred by law. The Office of the Insurance Commissioner shall be responsible for ensuring that the results of the negotiation process conform to the remaining provisions of the Insurance Code. For this purpose, the Commissioner shall establish the necessary regulatory mechanisms. Provided, further, That before entering into any negotiation process, the Antitrust Affairs Office of the Department of Justice shall be notified. The minimum term of effectiveness of the agreements shall be two (2) years.\nHistory —Ins. Code, added as § 31.040 on Aug. 8, 2008, No. 203, § 1, eff. 90 days after Aug. 8, 2008.
Puerto Rico Legal Code