4103

Every insurer licensed in Puerto Rico to contract any type of insurance as defined in §§ 404–409 of this title shall participate through the Syndicate in issuing policies as contemplated in this program to cover the financial responsibility which is required hereinafter of the health service professionals and the health care institutions pursuant to what is established in this chapter.\nThe Commissioner, through regulation to that effect, and when deemed justifiable, shall distribute in equal amounts among insurers authorized in Puerto Rico to underwrite any type of insurance specified in the preceding paragraph, those policies exceeding the financial responsibility required by § 4105 of this title, whenever said persons could not find said coverage with authorized insurers in Puerto Rico, provided that the total policy shall not exceed two hundred and fifty thousand dollars ($250,000) per incident and five hundred thousand dollars ($500,000) per aggregate, and subject to reasonability, adequacy and market experience criteria, as established in § 1204 of this title.\nHistory —Ins. Code, added as § 41.030 on Dec. 30, 1986, No. 4, p. 869, § 1; Dec. 19, 2002, No. 284, § 5.