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The new Act 212 of December 29, 2009, amended the Act of the Compensation System for Accidents at Work in order to provide to all the employers in P.R. the flexibility to make partial or monthly payment of the premiums determined by the State Insurance Fund of P.R. This amendment establishes that the payments will be made as a prepaid and needs to be fully paid before the due date of the premium. In this way provided that comply with the six-month term in advance.Thus, employers may go paid in installment the premium instead of having to wait and make a full payment at the end of each semester.This new payment method prevents that at the due date of the premium payment, such employer which does not have the full amount be uncovers by the policy.This is NO a mechanism to finance the policy, the act makes clear that the State Insurance Fund Director will accept partial or monthly payments of the policy premiums always and when the employer has complied with all the semiannual dues before the payment due date.This act was effective at the time of its adoption.
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