Life insurance.— Is insurance of human lives and insurance appertaining thereto or connected therewith. For the purposes of this title, the transacting of life insurance includes the granting of annuities and endowment benefits, additional benefits in event of death or dismemberment by accident or accidental means, additional benefits in event of the total and permanent disability of the insured, and optional modes of settlement of proceeds. History —Ins. Code § 4.020.
Puerto Rico Legal Code