Law No. 66 of June 16, 1921 created the Insurance Office under the Treasury Department and designated Puerto Rico’s Secretary of the Treasury to be the Insurance Superintendent ex-officio. In May 1928, the Insurance Superintendent position was created in the Treasury Department and its first incumbent was Augusto R. Soltero. With the approval of the Puerto Rico Insurance Code, Law No. 77 of June 19, 1957, the Office of the Commissioner of Insurance was created as well as the Commissioner of Insurance position.
Practice leadership in the development of an excellent, solvent, solid and globally competitive insurance industry, centered in protecting the public interest and promoting Puerto Rico’s economic well-being.
Promote the solvency, solidity, competitiveness and development of the insurance industry as a vital sector of the economy, through the creation of a flexible, agile, and innovative regulation and supervision environment that brings about the satisfaction of the insurance necessities and protection of the citizenship.