Puerto Rico State Insurance Fund Corporation
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The Puerto Rico State Insurance Fund Corporation — (CFSE)—is a government-owned corporation of Puerto Rico that provides
workers' compensation Workers' compensation or workers' comp is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her emp ...
in
Puerto Rico ; abbreviated PR), officially the Commonwealth of Puerto Rico, is a Government of Puerto Rico, self-governing Caribbean Geography of Puerto Rico, archipelago and island organized as an Territories of the United States, unincorporated territo ...
. The Corporation is headed by a board of directors appointed by the
Governor of Puerto Rico The governor of Puerto Rico () is the head of government of the Commonwealth of Puerto Rico, an unincorporated territory of the United States. Elected to a 4 year-term through popular vote by the residents of the archipelago and island, ...
and subject to the
advice and consent Advice and consent is an English phrase frequently used in List of enacting formulae, enacting formulae of bill (proposed law), bills and in other legal or constitutional contexts. It describes either of two situations: where a weak executive ...
of the
Senate of Puerto Rico The Senate of Puerto Rico () is the upper house of the Legislative Assembly of Puerto Rico, the territorial legislature of Puerto Rico. The Senate, together with the House of Representatives of Puerto Rico, control the legislative branch of ...
. The State Insurance Fund was created by Act Number 45 adopted on April 18, 1935, known as the Law of Compensation System for Occupational Accidents. Its purpose is to guarantee the constitutional right of all workers to be protected from health risks in the workplace. Through Act Number 83 of October 29, 1992, which amended Act Number 45, a board of directors was established and is appointed by the Governor of Puerto Rico.


References

Government-owned corporations of Puerto Rico Financial services companies established in 1935 {{PuertoRico-stub