2023 Nevada Revised Statutes › Chapter 683A - Persons Involved in Sale or Administration of Insurance › NRS 683A.160 - Application for license; fees; period of validity, renewal, failure to renew, contents and availability of license; change of address.

1. Each applicant for a license as a managing general agent must submit with his or her application:
(a) The appointment of the applicant as a managing general agent by each insurer or underwriter department to be so represented;
(b) The application and license fee specified in NRS 680B.010 and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110;
(c) A copy of any contract entered into between the applicant and each insurer that the applicant will represent as a managing general agent, if required by the Commissioner; and
(d) Evidence of compliance with NRS 683A.165.
2. Each applicant must, as part of his or her application and at the applicant’s own expense:
(a) Arrange to have a complete set of his or her fingerprints taken by a law enforcement agency or other authorized entity acceptable to the Commissioner; and
(b) Submit to the Commissioner:
(1) A completed fingerprint card and written permission authorizing the Commissioner to submit the applicant’s fingerprints to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for a report on the applicant’s background and to such other law enforcement agencies as the Commissioner deems necessary; or
(2) Written verification, on a form prescribed by the Commissioner, stating that the fingerprints of the applicant were taken and directly forwarded electronically or by another means to the Central Repository and that the applicant has given written permission to the law enforcement agency or other authorized entity taking the fingerprints to submit the fingerprints to the Central Repository for submission to the Federal Bureau of Investigation for a report on the applicant’s background and to such other law enforcement agencies as the Commissioner deems necessary.
3. The Commissioner may:
(a) Unless the applicant’s fingerprints are directly forwarded pursuant to subparagraph (2) of paragraph (b) of subsection 2, submit those fingerprints to the Central Repository for submission to the Federal Bureau of Investigation and to such other law enforcement agencies as the Commissioner deems necessary;
(b) Request from each such agency any information regarding the applicant’s background as the Commissioner deems necessary; and
(c) Adopt regulations concerning the procedures for obtaining this information.
4. A license as a managing general agent remains in effect unless revoked, suspended or otherwise terminated if, on or before the renewal date for the license:
(a) A request for renewal is submitted;
(b) All applicable fees for renewal are paid for the license and, if applicable, for each natural person who is designated pursuant to subsection 5 of NRS 683A.140;
(c) A copy of any contract entered into between the managing general agent and each insurer whom the managing general agent represents, if required by the Commissioner, is submitted;
(d) Evidence of compliance with NRS 683A.165 is submitted; and
(e) Any requirement for education and any other requirement to renew the license is satisfied.
5. A managing general agent may submit a request for renewal of his or her license within 30 days after the renewal date if the managing general agent otherwise complies with the provisions of subsection 4 and pays, in addition to any fee paid pursuant to subsection 4, a penalty of 50 percent of all applicable fees for renewal, except for any fee required pursuant to NRS 680C.110.
6. Except as otherwise provided in subsection 8, a license as a managing general agent expires if the Commissioner does not receive from the managing general agent a request for renewal of the license pursuant to subsection 4 or 5, as applicable, on or before the date which is 30 days after the renewal date.
7. A fee paid pursuant to subsection 4 or 5 is nonrefundable.
8. A managing general agent who is unable to renew his or her license because of military service, extended medical disability or other extenuating circumstance may request a waiver of the time limit and of any fine or sanction otherwise required or imposed because of the failure to renew.
9. A license must state the licensee’s name, address, personal identification number, the date of issuance, the lines of authority and the date of expiration and must contain any other information the Commissioner considers necessary. The license must be made available for public inspection upon request.
10. A licensee shall inform the Commissioner of each change of business, residence or electronic mail address, in writing or by other means acceptable to the Commissioner, within 30 days after the change.
11. As used in this section, "renewal date" means:
(a) For the first renewal of the license, the last day of the month which is 3 years after the month in which the Commissioner originally issued the license.
(b) For each renewal after the first renewal of the license, the last day of the month which is 3 years after the month in which the license was last due to be renewed.
(Added to NRS by 1971, 1641; A 2003, 2867; 2009, 1771; 2011, 3357; 2021, 2960; 2023, 2630)