This chapter shall be known as the 'International Insurers and Reinsurers Act of Puerto Rico', which purpose is the establishment of the legal basis to develop Puerto Rico as an International Insurance Center, through which insurers and reinsurers shall export and import insurance and services related to the insurance industry. These entities shall provide insurance and consulting services exclusively in international markets and to captive entities, while entities engaged in the business of reinsurance shall provide insurance and services within Puerto Rico and abroad.\nHistory —Ins. Code, added as § 61.010 on Sept. 22, 2004, No. 399, § 1, eff. 180 days after Sept. 22, 2004.
Puerto Rico Legal Code