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516 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Twenty-six - Insurance (§§ 101 — 10377)/
  5. Subtitle 1 - Insurance Generally/
  6. Chapter 5 - Assets and Liabilities § 516 - Assets, Definition/
  7. 516
Puerto Rico Legal Code

516

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For purposes of §§ 516–524 of this title, assets shall be defined as probable future economic benefits obtained or derived by an insurer as a result of past transactions or events. History —Ins. Code, added as § 5.010 on Mar. 22, 2003, No. 90, § 1.