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PC 69

Para enmendar el Artículo 12.020 de la Ley Núm. 77 de 19 de junio de 1957, según enmendada, conocida como “Código de Seguros de Puerto Rico”, y enmendar los Artículos 1.010, 2.096 y 7.008 de Ley 107-2020, según enmendada, conocida como “Código Municipal de Puerto Rico”, a los fines de establecer que la adquisición de seguros para el Gobierno de Puerto Rico, sus Municipios, sus corporaciones y autoridades públicas, así como las entidades que componen la Rama Legislativa, deberá llevarse a cabo exclusivamente mediante el proceso de subasta, y para otros fines relacionados.

2025-2028 Session

Bill PC 69 mandates competitive bidding for all government and municipal insurance purchases in Puerto Rico to reduce costs and increase transparency.

Comisión no recomienda aprobación de la medida
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Bill Summary · PC 69

Legislative bill overview

Bill PC 69 amends Puerto Rico's Insurance Code and Municipal Code to mandate that all government entities—including the PR Government, municipalities, public corporations, authorities, and the Legislative Branch—must acquire insurance exclusively through a competitive bidding (auction) process. This replaces current procurement methods for government insurance purchases.

Why is this important

Insurance procurement represents significant public expenditure, and competitive bidding aims to reduce costs and enhance transparency in government spending. The change affects how public institutions manage risk management and insurance budgets across the entire governmental structure, potentially impacting insurance availability, pricing, and service quality for essential government operations.

Potential points of contention

  • Administrative burden: Mandatory auction processes may delay critical insurance acquisitions and reduce flexibility in responding to urgent coverage needs or specialized insurance requirements
  • Market limitations: Exclusive bidding requirements could limit insurer participation, particularly for niche coverages needed by specific agencies, potentially resulting in higher costs or coverage gaps
  • Feasibility concerns: The Commission's recommendation against approval (March 2025) suggests substantive objections about implementation practicality, cost-benefit analysis, or unintended consequences not yet publicly detailed

Compiled from official sources — confirm details with the bill’s official record.

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