Chapter 686A of NAC is hereby amended by adding thereto the provisions set forth as sections 2 to 10, inclusive, of this regulation. Agent has the meaning ascribed to it in NRS 683A.030. Broker has the meaning ascribed to it in NRS 683A.040. Commissioner means the commissioner of insurance.
Division means the division of insurance of the department of business and industry.
Financial planner means an agent or broker who has successfully completed a course of instruction required for designation as a financial planner by a recognized professional association of financial planners. The provisions of subsection 1 do not authorize an agent to receive a commission or fee that is otherwise prohibited by a different agreement between the agent and insurer. If an agent and an insured enter into an agreement pursuant to subsection 1 that provides for the agent to receive a fee, the agreement must be expressed in the form of a written contract. Commissioner means the commissioner of insurance. As used in this section, agent has the meaning ascribed to it in NRS 683A.030.