P.R. Laws tit. 26, § 8051
In view of the problem of financial loss as a result of uncompensated damages to motor vehicles in traffic accidents, the Government of Puerto Rico, through this chapter, adopts a compulsory liability insurance system which covers the damages caused to vehicles in accidents. To such ends, so that a motor vehicle can travel on public thoroughfares, its owner shall obtain and keep a liability insurance coverage in effect. This coverage responds for damages caused to motor vehicles of third parties as a result of a traffic accident, for which the owner of the vehicle covered by this insurance is legally liable and which, through its use, has caused said damages.
To enforce the compulsory nature of the insurance coverage, the cost thereof shall be paid on the date the vehicle’s license is acquired for the first time or upon renewal thereof. The compulsory coverage cannot be cancelled, except as provided in § 8053(c) of this title, nor is it refundable, and at the time of acquisition shall be paid in full, except as provided in § 8061(a) of this title.
History —Dec. 27, 1995, No. 253, § 2; Dec. 29, 2009, No. 201, § 1.