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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 ...
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 ...
On 29 July 2007, the government approved Law Number 80, making the tax mandatory for all municipalities of the commonwealth. Also, the tax rates were changed to 6% at the state level and 1% at the municipal level. On 1 July 2015, the sales tax rate was increased from 7% to 11.5%, in response to a suffering economy.
An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with their office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state. The office of an insurance commissioner is ...
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 ...
Article IV of the Constitution of Puerto Rico vests the executive power on the Governor. The Governor has a duty to enforce state laws, to convene the Legislative Assembly, the power to either approve or veto bills passed by the Legislative Assembly, to appoint government officers, to appoint Justices, and to grant pardons.
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 ...
The Department of State of Puerto Rico ( Spanish: Departamento de Estado de Puerto Rico) was created in July 1952 and is responsible of promoting the cultural, political, and economical relations between Puerto Rico, other jurisdictions of the United States and foreign countries. [1]