No insurance cooperative organized this Code shall, for the sole reason of being and acting in accordance with its cooperative nature, be deemed to be a conspiracy or a combination in restraint of trade or an illegal monopoly; neither shall it be considered organized for the purpose of lessening competition or fixing premiums arbitrarily; nor shall contracts executed between them and their members and other policyholders, or other contracts authorized or executed by virtue of the provisions of this Code, be construed as an unlawful restraint of trade or as part of a conspiracy or combination to carry out an improper or illegal purpose or act.\nHistory —Ins. Code, added as § 34.170 on June 26, 1959, No. 84, p. 220, § 1; Nov. 12, 2007, No. 174, § 19, eff. 30 days after Nov. 12, 2007.
Puerto Rico Legal Code