2023 Laws of Puerto Rico › TITLE TWENTY-SIX - Insurance (§§ 101 — 10377) › Subtitle 1 - Insurance Generally (§§ 101 — 4513) › Chapter 9A - Producer, Authorized Representative, Solicitor, General Agent, Adjuster and Insurance Consultant (§§ 949 — 953i) › § 950e - Licenses—Limited by type of risk

When a qualified person applies for a license, the Commissioner may issue a license limited to subscribing insurance against the following risks:
(1) Automobile, truck or other similar motor vehicle rental or lease.— Means insurance offered, sold or solicited in relation or incidental to the rental or lease of an automobile, truck or other similar motor vehicle for a period of time of not more than ninety (90) days, by the lessor through a corporate or group insurance contract with an insurer, provided the same: (1) is non-transferable, (2) is applicable only to the automobile, truck or other similar motor vehicle object of the agreement, and (3) is limited to the following kinds of insurance:
(a) Insurance against bodily injury to the lessee and those who accompany the latter inside the automobile, truck or other similar motor vehicle, to cover disability, accidental death and dismemberment damages and any medical expenses resulting from an accident occurring with the rented or leased vehicle during the term of the rental or lease;
(b) liability insurance arising from the operation or use of the vehicle rented or leased by the lessee and any other authorized driver of said vehicle during the term of the rental or lease;
(c) insurance that provides coverage for the lessee and for those who accompany the latter inside the automobile, truck or other similar motor vehicle for the loss of, or damages to, personal effects found inside the vehicle during the term of the rental or lease, and
(d) for roadside assistance and emergency protection due to illness.
(2) Travel.— Means insurance against cancellation of travel, interruption of travel, loss of baggage, death, illness and accident, disability and damage to personal articles, when the same is limited to a specific trip and is issued in relation to the transportation provided by a maritime, land or air transport company.
(3) Cancer and critical illness insurance.— Means coverage under which benefits are paid beginning at the time the subscriber receives a positive cancer or critical illness diagnosis by a physician certified in pathology, and any endorsements thereof.
(a) For purposes of this section, cancer means a malignant tumor caused by the uncontrolled growth and division of abnormal cells in any part of the body, the invasion of tissue or leukemia, provided that such disease has been diagnosed through a pathology report. Cancer shall also mean Kaposi’s Sarcoma and Hodgkin’s disease.
(b) For purposes of this section, critical illness shall mean, but not be limited to one or more of the following: muscular dystrophy, poliomyelitis, multiple sclerosis, encephalitis, rabies, tetanus, tuberculosis, osteomyelitis, meningitis, diphtheria, typhoid fever, malaria, Reye syndrome, myasthenia gravis, rheumatoid fever, lupus erythematosus, legionnaires’ disease, turalemia, scarlet fever, or smallpox.
(4) Home service insurance, to wit: burial, natural death, and accident insurance.
(5) Any other risks for which, in the judgment the Commissioner, it would be appropriate to recognize, establish, or issue a limited license.
History —Ins. Code, added as § 9.14 on Jan. 19, 2006, No. 10, § 8; renumbered as § 9.141 and amended on Dec. 28, 2010, No. 220, § 6.