4002

The proceedings authorized by this chapter may be applied to:\n(1) Any insurer who through an existing authorization granted by the Commissioner is transacting, or has transacted insurance business in or from Puerto Rico, and against whom claims arising from that business may exist now or in the future.\n(2) Any insurer who purports to transact insurance business in Puerto Rico.\n(3) Any other person organized or in the process of organizing in Puerto Rico with the intention of transacting insurance business.\n(4) Any fraternal charitable society or health services organization which has been authorized or is authorized to do business in Puerto Rico.\n(5) Any other type of insurer created pursuant to the special provisions of this Code.\nHistory —Ins. Code, added as § 40.020 on Aug. 17, 1991, No. 72, § 1; Dec. 14, 2007, No. 206, § 2.