P.R. Laws tit. 26, § 102
2019-02-20 00:00:00+00
Insurance.— Is a contract whereby one undertakes to indemnify another, or to pay or provide a specified or ascertainable benefit upon determinable contingencies therein foreseen. The term insurance includes reinsurance.
History —Ins. Code § 1.020; May 31, 1973, No. 73, p. 328, § 1, retroactive to Jan. 1, 1973.