PR| Circular Letter CC-2026-2055-D, issued by the Puerto Rico Office of the Commissioner of Insurance explains that the NAIC Appeals Panel upheld the March 2025 decision of the NAIC Financial Regulation Standards and Accreditation (F) Committee to suspend Puerto Rico’s accreditation under the Part A Accreditation Standards. The letter highlights that this deficiency was urgently addressed through Act No. 130‑2025, which created the necessary regulatory framework and was formally recognized by Committee F in a December 9, 2025 letter that praised the rapid legislative action. The NAIC requested a Corrective Action Plan (CAP), which OCI submitted on December 19, 2025, and Committee F committed to hold a dedicated meeting within 45 days to consider changing Puerto Rico’s status from suspension to probation, focusing now on progress and status modification rather than revisiting the March decision.
Click here to see PR Circular Letter CC-2026-2022-D (Spanish version)
See English translation below: