Whenever it appears to the Commissioner that any person has committed a violation of this chapter which so impairs the financial condition of a domestic insurer or health service organization as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders or the public, then the Commissioner may proceed as provided in Chapter 40 of the Insurance Code.\nHistory —Ins. Code, added as § 44.120 on Mar. 7, 2012, No. 51, § 1, eff. 30 days after Mar. 7, 2012.
Puerto Rico Legal Code