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The Puerto Rico State Insurance Fund Corporation — Spanish: Corporación del Fondo del Seguro del Estado (CFSE)—is a government-owned corporation of Puerto Rico that provides workers' compensation in Puerto Rico. The Corporation is headed by a board of directors appointed by the Governor of Puerto Rico and subject to the advice and consent ...
The Puerto Rico Health Reform — Spanish: Reforma de Salud de Puerto Rico, refers to the Medicaid health plan which is a "subset of the larger public government healthcare delivery system" of Puerto Rico. [1] It was once called " La Reforma ", later it was called " Mi Salud " and now called Vital (The Vital Plan) but they are all Medicaid, a ...
The government-owned corporations of Puerto Rico —or public corporations (Spanish: corporaciones públicas)— are a set of corporate entities owned entirely or in large part by the executive branch of the government of Puerto Rico or by its municipalities. The corporations engage in commercial activities with their revenues ultimately being ...
The Triple-S Management Corporation (TSM) —commonly known as Triple-S, or SSS— is an insurance holding company based in San Juan, Puerto Rico, which offers a wide range of insurance products and services in Puerto Rico through its wholly owned subsidiaries. Its headquarters are located at 1441 Franklin D. Roosevelt Ave., in the San Patricio ...
Sales and Use Tax. The Puerto Rico Sales and Use Tax (SUT, Spanish: Impuesto a las Ventas y Uso, IVU) is the combined sales and use tax applied to most sales in Puerto Rico. As of 2020, the tax rate is 11.5%: 1.0% of the tax collected goes to the municipality where the sale was executed (there are 78 municipios - municipalities), and 10.5% of ...
The Office of the Commissioner of Financial Institutions of Puerto Rico—in Spanish: Oficina del Comisionado de Instituciones Financieras (OCIF)—is an office of the Department of Treasury of Puerto Rico that supervises and regulates Puerto Rico's financial sector to ensure its safety and soundness, as well as to oversee a strict adherence to all applicable laws and regulations.
1970. Headquarters. Puerto Rico. The Puerto Rico Automobile Accident Compensation Administration — Spanish: Administración de Compensaciones por Accidentes de Automóviles (ACAA) — is a government-owned corporation of Puerto Rico that provides compensation for medical and disability expenses resulting from traffic accidents in Puerto Rico.
The economy of Puerto Rico is classified as a high income economy by the World Bank and as the most competitive economy in Latin America by the World Economic Forum. [14] [15] The main drivers of Puerto Rico's economy are manufacturing, primarily pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, notably finance, insurance, real estate, and tourism.