Nevada Administrative Code › Chapter 686A - Insurance: Trade Practices and Frauds › FINANCIAL PLANNERS, AGENTS, BROKERS AND INSURANCE CONSULTANTS › Section 686A.Sec. 1 - NEW

Current
			 through June 11, 2024
1.
			 If a financial planner, producer of insurance or insurance consultant charges a
			 fee pursuant to paragraph (c) of subsection 3 of NAC
			 686A.330, the agreement for
			 consultation or related advice must contain, in addition to the information
			 required pursuant to subsection 1 of NAC
			 686A.330:
(a) The number of the license issued by the
			 Division, or the identification number issued by the National Insurance
			 Producer Registry, to the financial planner, producer of insurance or insurance
			 consultant.
(b) A statement of
			 whether the fee charged pursuant to paragraph (c) of subsection 3 of NAC
			 686A.330 is refundable pro rata.
			 If the fee is not refundable pro rata, a statement explaining that the fee is
			 fully earned at the completion of the consultation or related advice and is not
			 refundable.
(c) The name of any
			 health insurance carrier appointment.
(d) A statement of whether the financial
			 planner, producer of insurance or insurance consultant is certified by the
			 Silver State Health Insurance Exchange.
(e) A statement of whether the financial
			 planner, producer of insurance or insurance consultant currently maintains
			 insurance covering liability for errors and omissions.
(f) A disclosure notice which contains the
			 following language:
The Affordable Care Act currently provides premium subsidies to
				those meeting the eligibility criteria. Premium subsidies are only available
				through policies offered on the Silver State Health Insurance Exchange.
If a policy of insurance offered through an individual health
				benefit plan is purchased through an insurance carrier of which the financial
				planner, life or health insurance agent or broker or insurance consultant is
				appointed to represent, the financial planner, life or health insurance agent
				or broker or insurance consultant may receive compensation or commission in
				addition to the fee that may be charged by a financial planner, life or health
				insurance agent or broker or insurance consultant. The amount of compensation
				or commission typically varies by insurance carrier.
(g) The telephone numbers of the Silver State
			 Health Insurance Exchange, (855) 768-5465, and the Nevada Division of
			 Insurance, (888) 872-3234.
(h) The
			 following statement that must be signed and dated by the client or prospective
			 client:
CLIENT OR PROSPECTIVE CLIENT ATTESTATION By signing below, I
				attest that I have reviewed the information provided in this disclosure and
				have received a copy of this form.
(i) The following statement that must be
			 signed and dated by the financial planner, producer of insurance or insurance
			 consultant:
FINANCIAL PLANNER, PRODUCER OF INSURANCE OR INSURANCE
				CONSULTANT ATTESTATION By signing below, I attest that I have disclosed all
				relevant facts concerning the services to be provided and the fees, charges or
				other remuneration that will be charged or received for providing the
				consultation or related advice described.