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PR Extension of Expiration Dates & Licensing Requirements

Oct 12, 2017 Alerts

On September 17th, 2017, the Governor of Puerto Rico, Hon. Ricardo A. Rosselló Nevarez, decreed Executive Order No. OE-2017-047 declaring a state of emergency for Puerto Rico, as a consequence of the imminent impact of Hurricane Maria. Later, on September 18th, 2017, President Donald Trump, also issued a state of emergency and ordered federal aid to supplement the local recovery efforts facing Hurricane Maria’s pounding on the Island.

Due to the emergency situation in Puerto Rico caused by the impact of Hurricane Maria, the Office of the Commissioner of Insurance has determined to extend the expiration date of licensing requirements and fees to all bearers of any of the different classes of licenses and authorizations issued by the Commissioner of Insurance.

Hence, we hereby inform you that the payment date for license renewal fees, as required in Article 7.010 of the Puerto Rico Insurance Code, 26 L.P.R.A. §701, and the deadline to complete the continued education requirements, pursuant to Chapter 9 of the Insurance Code and Rule 52 of its Regulation, for any license bearer whose due date expires on or after September 17, 2017, is postponed until October 31, 2017 or later date as the Insurance Commissioner may determine, if deemed necessary.

To read the original announcement from Puerto Rico, click here.

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