reglab/statecodes huggingface dataset:
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › MANAGING GENERAL AGENTS › Section 683A.520 - Sharing of profits between agent and insurer

Current through June 11, 2024
1. If the
							contract required pursuant to NAC 683A.470, provides for the managing general
							agent and insurer to share profits and the agent has the authority to determine
							the amount of the interim profits by establishing loss reserves or controlling
							claim payments, or in any other manner, the profits must not be paid to the
							managing general agent until:
(a) One year
							after they are earned for property insurance business; and
(b) Five years after they are earned on
							casualty business.
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › MANAGING GENERAL AGENTS › Section 683A.530 - Prohibited acts of agent

Current through June 11, 2024
A managing general agent shall not:
1. Commit the insurer to participate in an
							insurance or reinsurance syndicate.
2. Appoint a producer of insurance who is not
							licensed by this State as a producer for the type of insurance for which he or
							she is appointed.
3. Without the
							prior approval of the insurer:
(a) Pay or
							commit the insurer to pay a claim over an amount specified by the insurer, net
							of reinsurance, which exceeds 1 percent of the policyholder's surplus of the
							insurer on December 31 of the prior calendar year.
(b) Collect a payment from a reinsurer or
							commit the insurer to a claim settlement with a reinsurer without the prior
							approval of the insurer. If the approval is given by the insurer, the managing
							general agent shall promptly submit a report of the transaction to the
							insurer.
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › MANAGING GENERAL AGENTS › Section 683A.540 - Duties of insurers

Current through June 11, 2024
1. The insurer
							shall file with the Division, in a form approved by the Commissioner, an
							independent financial examination of each managing general agent with which it
							has done business.
2. If a managing
							general agent establishes loss reserves, the insurer shall obtain annually the
							opinion of an actuary attesting to the adequacy of the loss reserves
							established for losses incurred and on the outstanding business produced by the
							managing general agent. This opinion must be made separately from any other
							required loss reserve certification.
3. The insurer shall, at least once every 6
							months, conduct an on-site review of the operations of the managing general
							agent for underwriting and processing claims.
4. An officer of the insurer, who is not
							affiliated with the managing general agent, must have binding authority for all
							reinsurance contracts or for the insurer's participation in insurance or
							reinsurance syndicates.
5. Within
							30 days after appointing or terminating the contract of a managing general
							agent, the insurer shall provide written notice to the Commissioner. Notices of
							appointment of a managing general agent must include a statement of the duties
							that he or she will perform for the insurer, the lines of insurance for which
							he or she is to be authorized to act, and any other information requested by
							the Commissioner.
6. At least once
							every 3 months, an insurer shall review its books and records to determine if
							any producer of insurance has become a managing general agent. If the insurer
							determines that the person has become a managing general agent, the insurer
							shall promptly notify that person and the Commissioner of the determination.
							The insurer and the person must comply with the provisions of NAC 683A.470 to
							683A.550, inclusive, within 30 days after such a determination by the
							insurer.
7. An insurer shall not
							appoint to its board of directors an officer, director, employee or controlling
							shareholder of its managing general agents. This subsection does not apply to
							relationships governed by chapter 692C of NRS.
Added to NAC by Comm'r of
							Insurance, eff. 9-19-90; A 5-27-92; R172-01,
							7-5-2002
NRS
							679B.130
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › MANAGING GENERAL AGENTS › Section 683A.550 - Acts of agent deemed to be acts of insurer; examination of agent

Current through June 11, 2024
The acts of
							the managing general agent are deemed to be the acts of the insurer on whose
							behalf it is acting. A managing general agent may be examined as if it were the
							insurer.
Added to NAC by Comm'r of
							Insurance, eff. 9-19-90
NRS
							679B.130
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › MANAGING GENERAL AGENTS › Section 683A.560 - Disciplinary action; rights of policyholders, claimants and auditors not restricted

Current through June 11, 2024
1. If the
							Commissioner finds after a hearing, that a person has violated any provision of
							NAC 683A.450 to 683A.550, inclusive, the Commissioner will order:
(a) The revocation or suspension of the
							person's license; and
(b) The
							managing general agent to reimburse the insurer, the rehabilitator, or
							liquidator of the insurer for any losses incurred by the insurer and caused by
							a violation committed by the managing general agent.
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › EXTERNAL REVIEW ORGANIZATIONS › Certification › Section 683A.600 - Application for initial issuance of certificate: Generally

Current through June 11, 2024
Except as otherwise provided in
							NAC 683A.610, an external review organization applying for the initial issuance
							of a certificate to conduct external reviews must submit to the Commissioner,
							on a form prescribed by the Commissioner, an application in writing and must
							provide to the Commissioner at the time of application:
1. A written statement that identifies:
(a) The number of external reviewers that the
							external review organization employs, contracts with or otherwise retains to
							conduct external reviews;
(b) The
							specialty of each external reviewer;
(c) Whether each external reviewer is
							certified by the entity that regulates his or her specialty; and
(d) The schedule of fees that the external
							review organization will charge to conduct an external review.
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › EXTERNAL REVIEW ORGANIZATIONS › Certification › Section 683A.610 - Application for initial issuance of certificate: Organization certified or accredited by accrediting body that is nationally recognized

Current through June 11, 2024
If an external review
							organization has been certified or accredited as an external review
							organization by an accrediting body that is nationally recognized, an external
							review organization applying for the initial issuance of a certificate to
							conduct external reviews must submit to the Commissioner, on a form prescribed
							by the Commissioner, an application in writing and must provide to the
							Commissioner at the time of application:
1. Proof that the external review
							organization has been certified or accredited as an external review
							organization by an accrediting body that is nationally recognized;
2. A copy of the certification or
							accreditation standards of the accrediting body;
3. A copy of the most recent review of the
							external review organization conducted by the accrediting body;
4. The schedule of fees that the external
							review organization will charge to conduct an external review; and
5. All applicable fees required, including,
							without limitation, all applicable fees required pursuant to NAC 683A.640, for
							the issuance of a certificate to conduct external reviews.
Added to NAC by Comm'r of
							Insurance by R128-03, eff. 2-12-2004; A by R103-09,
							1-28-2010
NRS
							679B.130,
							683A.3715,
							683A.372
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › EXTERNAL REVIEW ORGANIZATIONS › Certification › Section 683A.620 - Issuance of certificate by Commissioner

Current through June 11, 2024
Except as otherwise provided in NAC 683A.650,
							if an external review organization applying for the initial issuance of a
							certificate to conduct external reviews submits the application and
							accompanying materials required pursuant to NAC 683A.600 or 683A.610, the
							Commissioner will issue the applicant a certificate to conduct external
							reviews.
Added to NAC by Comm'r of
							Insurance by R128-03, eff. 2-12-2004
NRS
							679B.130,
							683A.3715,
							683A.372
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › EXTERNAL REVIEW ORGANIZATIONS › Certification › Section 683A.630 - Expiration and renewal of certificate

Current through June 11, 2024
1. In accordance
							with NRS 683A.371, a certificate to conduct external reviews expires 1 year
							after the date the certificate is issued by the Commissioner.
2. Except as otherwise provided in NAC
							683A.650, the Commissioner will issue a renewal of a certificate to conduct
							external reviews if the external review organization submits to the
							Commissioner:
(a) On a form prescribed by the
							Commissioner, an application in writing for the renewal of the certificate to
							conduct external reviews; and
(b)
							All applicable fees required, including, without limitation, all applicable
							fees required pursuant to NAC 683A.640, for the renewal of a certificate to
							conduct external reviews.
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › EXTERNAL REVIEW ORGANIZATIONS › Certification › Section 683A.640 - Fees of Commissioner

Current through June 11, 2024
The Commissioner will charge and
							collect:
1. Except as otherwise
							provided in subsection 2, from an external review organization submitting an
							application for the initial issuance of a certificate to conduct external
							reviews pursuant to NAC 683A.600 or 683A.610, a fee of $400.
2. From an external review organization
							submitting an application for:
(a) The initial
							issuance of a certificate to conduct external reviews pursuant to NAC 683A.600
							or 683A.610; and
(b) The initial
							issuance of a certificate to conduct external reviews pursuant to
							NRS
							616A.469 and
							616C.363,
							and the regulations adopted pursuant thereto, a fee of $600.
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › EXTERNAL REVIEW ORGANIZATIONS › Certification › Section 683A.650 - Refusal, suspension or revocation of certification: Grounds; surrender of certificate

Current through June 11, 2024
1. The Commissioner
							may refuse to issue or renew, or may suspend or revoke, a certificate to
							conduct external reviews if the Commissioner determines that an external review
							organization:
(a) Has violated the provisions
							of
							NRS
							695G.241 to
							695G.310,
							inclusive, or NAC 683A.600 to 683A.670, inclusive;
(b) Has had a license, certificate or
							registration to operate as an external review organization denied for cause,
							suspended or revoked by any other state; or
(c) Has misrepresented facts on an
							application submitted to the Commissioner for the issuance or renewal of a
							certificate to conduct external reviews.
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › EXTERNAL REVIEW ORGANIZATIONS › Certification › Section 683A.660 - Duties of organization upon termination of certification or accreditation by accrediting body that is nationally recognized

Current through June 11, 2024
An external review organization issued a
							certificate to conduct external reviews by the Commissioner pursuant to NAC
							683A.610 shall:
1. Notify the
							Commissioner if the accrediting body revokes, suspends or otherwise terminates
							the certification or accreditation of the external review organization;
							and
2. Provide a copy of the
							findings of any review of the external review organization conducted by the
							accrediting body.
Added to NAC by Comm'r of
							Insurance by R128-03, eff. 2-12-2004
NRS
							679B.130,
							683A.3715,
							683A.372
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › EXTERNAL REVIEW ORGANIZATIONS › Conduct of Business › Section 683A.670 - Fees to conduct external reviews

Current through June 11, 2024
The fees an external review organization issued
							a certificate to conduct external reviews may charge to conduct external
							reviews must be reasonable.
Added to NAC by Comm'r of
							Insurance by R128-03, eff. 2-12-2004
NRS
							679B.130,
							683A.3715,
							683A.372
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › DUTIES OF BROKERS TO CLIENTS › Section 683A.700 - Definitions

Current through June 11, 2024
As used in
							NAC 683A.700 to 683A.718, inclusive, unless the context otherwise requires, the
							words and terms defined in NAC 683A.702 to 683A.712, inclusive, have the
							meanings ascribed to them in those sections.
Added to NAC by Comm'r of
							Insurance by R009-05, eff. 10-31-2005-Substituted in revision for NAC
							686A.352
NRS
							679B.130,
							686A.015
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › DUTIES OF BROKERS TO CLIENTS › Section 683A.702 - "Affiliate" defined

Current through June 11, 2024
"Affiliate" means a person that controls, is
							controlled by, or is under common control with, a broker. As used in this
							section, "control" has the meaning ascribed to it in
							NRS
							692C.050.
Added to NAC by Comm'r of
							Insurance by R009-05, eff. 10-31-2005-Substituted in revision for NAC
							686A.354
NRS
							679B.130,
							686A.015
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › DUTIES OF BROKERS TO CLIENTS › Section 683A.704 - "Broker" defined

Current through June 11, 2024
1. Except as
							otherwise provided in subsection 2, "broker" has the meaning ascribed to it in
							NRS
							683A.321.
2. The term does not include a producer of
							insurance acting as:
(a) An intermediary
							between an insurer and a client's broker, including, without limitation, a
							managing general agent or wholesale broker; or
(b) A reinsurance intermediary. As used in
							this paragraph, "intermediary" has the meaning ascribed to it in
							NRS
							681A.330.
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › DUTIES OF BROKERS TO CLIENTS › Section 683A.706 - "Client" defined

Current through June 11, 2024
"Client" means a natural person, corporation,
							association, partnership or other legal entity that is a named insured or seeks
							the advice of a broker about becoming an insured or receiving a quotation. The
							term does not include a person if the person is only:
1. A participant or beneficiary of an
							employee benefit plan; or
2.
							Covered by a group or blanket insurance policy or group annuity contract, that
							is sold, solicited or negotiated by the broker or affiliate.
Added to NAC by Comm'r of
							Insurance by R009-05, eff. 10-31-2005-Substituted in revision for NAC
							686A.358
NRS
							679B.130,
							686A.015
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › DUTIES OF BROKERS TO CLIENTS › Section 683A.708 - "Compensation" defined

Current through June 11, 2024
"Compensation" means consideration in any form
							for the production of insurance received by a producer of insurance from an
							insurer or other source.
Added to NAC by Comm'r of
							Insurance by R009-05, eff. 10-31-2005-Substituted in revision for NAC
							686A.360
NRS
							679B.130,
							686A.015
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › DUTIES OF BROKERS TO CLIENTS › Section 683A.710 - "Represents" defined

Current through June 11, 2024
"Represents" means to act on behalf of a client
							in relation to an insurance transaction or potential insurance transaction
							pursuant to an agreement for compensation.
Added to NAC by Comm'r of
							Insurance by R009-05, eff. 10-31-2005-Substituted in revision for NAC
							686A.362
NRS
							679B.130,
							686A.015
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › DUTIES OF BROKERS TO CLIENTS › Section 683A.712 - "Transaction" defined

Current through June 11, 2024
"Transaction" has the meaning ascribed to it in
							NRS
							679A.130. The term includes:
1. The procurement or potential procurement
							of insurance.
2. The giving of
							advice concerning matters related to the procurement of insurance, including,
							without limitation, the nature and type of insurance policies, their coverage,
							terms, duration, premiums and premium payment arrangements.
Added to NAC by Comm'r of
							Insurance by R009-05, eff. 10-31-2005-Substituted in revision for NAC
							686A.364
NRS
							679B.130,
							686A.015
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › DUTIES OF BROKERS TO CLIENTS › Section 683A.714 - Applicability of duties

Current through June 11, 2024
The duties imposed on a broker in NAC
							683A.716:
1. Apply to every producer
							of insurance when acting as a broker.
2. Are in addition to and not in lieu of any
							other duty imposed on a broker by the Nevada Insurance Code or the common law
							of agency as recognized in this State.
Added to NAC by Comm'r of
							Insurance by R009-05, eff. 10-31-2005-Substituted in revision for NAC
							686A.366
NRS
							679B.130,
							686A.015
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › DUTIES OF BROKERS TO CLIENTS › Section 683A.716 - Self-dealing; disclosures concerning compensation and certain quotes

Current through June 11, 2024
A broker who
							represents a client in an insurance transaction:
1. Shall not unreasonably place his or her
							own interest above the interest of the client.
2. Shall, before or simultaneously with a
							client's purchase of insurance, or the consummation of any other insurance
							transaction that would entitle the broker to compensation as a result of his or
							her representation of the client, disclose to the client:
(a) That the broker may receive compensation
							in some form from an insurer or other source as a result of his or her
							representation of the client in the transaction.
(b) The name and identity of the source of
							the compensation and whether the broker has any ownership interest in, or is
							under common control with, the person providing the compensation.
(c) That the compensation received by the
							broker may differ depending upon the product and insurer.
(d) The identity of any other person that the
							broker knows, or reasonably ought to know, will receive compensation from the
							insurer for assisting the broker in the insurance transaction. As used in this
							paragraph, "person" does not include an intermediary, managing general agent or
							wholesale broker acting in the normal course of production.
These
							disclosures must be followed by a documented acknowledgment by the client and
							the broker that clearly indicates the client's understanding of the contents of
							the disclosure statement before or simultaneously with the consummation of the
							insurance transaction. In the case of a transaction consummated over the
							telephone or by electronic means, the client's understanding of the disclosure
							must be documented by the broker at the time of the transaction and followed by
							a documented acknowledgment by the client and the broker.
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › DUTIES OF BROKERS TO CLIENTS › Section 683A.718 - Effect of violation

Current through June 11, 2024
A violation of any provision of NAC 683A.716
							is:
1. An unfair method of competition
							or an unfair or deceptive act or practice in the business of insurance in
							violation of
							NRS
							686A.020.
2. A cause for disciplinary action pursuant
							to
							NRS
							683A.451.
Added to NAC by Comm'r of
							Insurance by R009-05, eff. 10-31-2005-Substituted in revision for NAC
							686A.370
NRS
							679B.130,
							686A.015
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › CONTINUOUS CARE COVERAGE › Section 683A.750 - "Continuous care coverage" defined

Current through June 11, 2024
As used in NAC 683A.750 to 683A.780, inclusive,
							unless the context otherwise requires, "continuous care coverage" has the
							meaning ascribed to it in
							NRS
							681A.022.
Added to NAC by Comm'r of
							Insurance by R077-10, eff. 12-16-2010
NRS
							679B.130
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › CONTINUOUS CARE COVERAGE › Section 683A.760 - Licensing required to sell, solicit or negotiate continuous care coverage

Current through June 11, 2024
A person who
							sells, solicits or negotiates continuous care coverage must:
1. Be licensed as a producer of accident and
							health insurance and as a producer of casualty insurance; or
2. Be licensed as a producer of accident and
							health insurance and receive approval from the Commissioner to market
							continuous care coverage pursuant to NAC 683A.770.
Added to NAC by Comm'r of
							Insurance by R077-10, eff. 12-16-2010
NRS
							679B.130
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › CONTINUOUS CARE COVERAGE › Section 683A.770 - Instruction required for approval of request to sell, solicit and negotiate continuous care coverage

Current through June 11, 2024
A producer of accident and health insurance may
							submit to the Commissioner a written request to sell, solicit and negotiate
							continuous care coverage. The Commissioner will approve such a request if,
							within the 6 months immediately preceding the date on which the request is
							submitted, the producer has successfully completed not less than 8 hours of
							instruction approved by the Commissioner for continuous care coverage,
							including, without limitation, instruction concerning workers' compensation
							insurance and employers' liability insurance.
Added to NAC by Comm'r of
							Insurance by R077-10, eff. 12-16-2010
NRS
							679B.130
Nevada Administrative Code › Chapter 683A - Persons Involved in Sale or Administration of Insurance › CONTINUOUS CARE COVERAGE › Section 683A.780 - Instruction counts toward continuing education hours

Current through June 11, 2024
The instruction required by NAC
							683A.770 may be counted toward the continuing education hours required by NAC
							683A.330.
Added to NAC by Comm'r of
							Insurance by R077-10, eff. 12-16-2010
NRS
							679B.130
Nevada Administrative Code › Chapter 683C - Insurance Consultants › Section 683C.100 - Requirements of applicant for license

Current through June 11, 2024
In addition to the requirements of NRS 683C.030, an applicant for an insurance consultant's license must comply with the provisions of NAC 683A.170 to 683A.270, inclusive, which apply to an applicant for a license, and successfully complete a course of instruction which satisfies the requirements of NAC 683A.190 to 683A.261, inclusive.
Added to NAC by Comm'r of Insurance, eff. 3-28-96
Nevada Administrative Code › Chapter 683C - Insurance Consultants › Section 683C.120 - Requirements for renewal of license

Current through June 11, 2024
In addition to the requirements of NRS 683C.040, an applicant for renewal of an insurance consultant's license must comply with the requirements of continuing education prescribed in NAC 683A.318 to 683A.370, inclusive, which apply to an applicant for renewal of a license, and successfully complete a course of instruction which satisfies the requirements of NAC 683A.335 to 683A.370, inclusive.
Added to NAC by Comm'r of Insurance, eff. 3-28-96
Nevada Administrative Code › Chapter 684A - Adjusters › GENERAL PROVISIONS › Section 684A.100 - Definitions

Current through June 11, 2024
As used in this chapter, unless the context otherwise requires,
				the words and terms defined in NAC
				684A.105 to
				684A.130, inclusive, have the
				meanings ascribed to them in those sections.
Added to NAC
				by Comm'r of Insurance by
				R028-18AP,
				eff. 7/1/2018
NRS 679B.130,
				  684A.235
Nevada Administrative Code › Chapter 684A - Adjusters › GENERAL PROVISIONS › Section 684A.105 - "Designated representative" defined

Current through June 11, 2024
"Designated representative" means:
1. Any nongovernmental entity with which the
			 Commissioner contracts pursuant to
			 NRS
			 684A.120 to perform ministerial functions
			 associated with prelicensing, licensing or continuing education programs;
			 or
2. An employee of the Division
			 who has been designated by the Commissioner to act on behalf of the
			 Commissioner with regard to prelicensing, licensing or continuing education
			 programs.
Added to NAC
				by Comm'r of Insurance by
				R028-18AP,
				eff. 7/1/2018
NRS 679B.130,
				  684A.235
Nevada Administrative Code › Chapter 684A - Adjusters › GENERAL PROVISIONS › Section 684A.112 - "Instructor" defined

Current through June 11, 2024
"Instructor" means the person who will be responsible for
				teaching the material of the course to the participants of the course. The
				instructor may be, but is not required to be, the same person as the
				sponsor.
Added to NAC
				by Comm'r of Insurance by
				R028-18AP,
				eff. 7/1/2018
NRS 679B.130,
				  684A.235
Nevada Administrative Code › Chapter 684A - Adjusters › GENERAL PROVISIONS › Section 684A.116 - "License as an adjuster" defined

Current through June 11, 2024
"License as an adjuster" means a license as an independent
				adjuster, a public adjuster, a company adjuster or a staff
				adjuster.
Added to NAC
				by Comm'r of Insurance by
				R028-18AP,
				eff. 7/1/2018
NRS 679B.130,
				  684A.235
Nevada Administrative Code › Chapter 684A - Adjusters › GENERAL PROVISIONS › Section 684A.125 - "Sponsor" defined

Current through June 11, 2024
"Sponsor" means the person seeking approval for a course of
				instruction pursuant to NAC
				684A.205.
Added to NAC
				by Comm'r of Insurance by
				R028-18AP,
				eff. 7/1/2018
NRS 679B.130,
				  684A.235
Nevada Administrative Code › Chapter 684A - Adjusters › GENERAL PROVISIONS › Section 684A.130 - "Unsuitable person" defined

Current through June 11, 2024
"Unsuitable person" has the meaning ascribed to it in NAC
				679B.039.
Added to NAC
				by Comm'r of Insurance by
				R028-18AP,
				eff. 7/1/2018
NRS 679B.130,
				  684A.235
Nevada Administrative Code › Chapter 684A - Adjusters › PRELICENSURE EDUCATION › Section 684A.200 - Requirements for completion of course of instruction

Current through June 11, 2024
In addition to the requirements of chapter 684A of NRS, an
				applicant for a license as an adjuster or an associate adjuster must complete a
				course of instruction approved by the Commissioner or a designated
				representative for the line of insurance for which the applicant is applying.
				The course must have been completed within 2 years immediately preceding the
				date of the application for the license.
Added to NAC
				by Comm'r of Insurance by
				R028-18AP,
				eff. 7/1/2018
NRS 679B.130,
				  684A.070,
				  684A.235
Nevada Administrative Code › Chapter 684A - Adjusters › PRELICENSURE EDUCATION › Section 684A.205 - Approval of course of instruction and instructor: Required documents; grounds for denial; limitation on hours; approval of material change in content of course

Current through June 11, 2024
1. A course of
			 instruction and the instructor for the course must be approved by the
			 Commissioner or a designated representative before the course is offered to a
			 prospective applicant for a license as an adjuster. The sponsor of the course
			 must submit to the Commissioner or a designated representative:
(a) An application for approval of the
			 instructor, specifying his or her experience and qualifications;
(b) An application for approval of the
			 course, including, without limitation, a detailed outline of the course and a
			 description of the scale to be used in grading the persons taking the
			 course;
(c) A schedule of the times
			 the course is to be taught; and
(d)
			 A certification that the content of the course complies with NAC
			 684A.200 to
			 684A.250, inclusive.
Nevada Administrative Code › Chapter 684A - Adjusters › PRELICENSURE EDUCATION › Section 684A.210 - Qualifications of instructor; limitations on instruction

Current through June 11, 2024
1. An instructor must:
(a) Have at least 5 years of relevant
			 experience in the topic to be taught; or
(b) Be approved by the Nevada System of
			 Higher Education to teach insurance within that System.
Nevada Administrative Code › Chapter 684A - Adjusters › PRELICENSURE EDUCATION › Section 684A.215 - Approval of correspondence, extension or self-study course of instruction

Current through June 11, 2024
1. A correspondence course, extension course
			 or self-study course may be approved by the Commissioner or a designated
			 representative if:
(a) The course satisfies
			 all the requirements of NAC
			 684A.200 to
			 684A.250, inclusive;
(b) The student has quick and easy access to
			 the sponsor or instructor of the course; and
(c) The student must pass a final examination
			 at the end of the course to receive credit and the examination is directly
			 monitored by the sponsor, the instructor or the sponsor's or instructor's
			 representative.
Nevada Administrative Code › Chapter 684A - Adjusters › PRELICENSURE EDUCATION › Section 684A.220 - Required subject matter of course of instruction; hours of instruction

Current through June 11, 2024
1. A course must consist of:
(a) At least 5 hours of instruction in the
			 classroom, or the equivalent in a self-study course approved by the
			 Commissioner or a designated representative pursuant to NAC
			 684A.215, in the provisions of
			 title 57 of NRS and the regulations adopted pursuant thereto, at least one-half
			 of which must cover the laws and regulations common to all lines of insurance;
			 and
(b) At least 15 hours of
			 instruction in the classroom covering:
(1)
			 Principles and concepts of insurance in general;
(2) Basic principles and concepts of the line
			 of insurance for which the applicant is applying;
(3) The processes related to adjusting a
			 claim;
(4) The ethical
			 responsibilities of the adjuster; and
(5) Regulation by the government.
Nevada Administrative Code › Chapter 684A - Adjusters › PRELICENSURE EDUCATION › Section 684A.230 - Sponsor of course of instruction: Maintenance of records; quarterly submission of certain information; provision of certificate of completion of course

Current through June 11, 2024
1. Each sponsor of a course shall maintain a
			 complete record of each person attending the course. The record must:
(a) Indicate each person's
			 attendance;
(b) Indicate his or her
			 final grade in the course;
(c) Be
			 available for review by the Commissioner or a designated representative upon
			 request during normal business hours; and
(d) Be retained by the sponsor for not less
			 than 4 years.
Nevada Administrative Code › Chapter 684A - Adjusters › PRELICENSURE EDUCATION › Section 684A.235 - Grounds for suspension or revocation of approval of course of instruction; audit to ensure compliance; reinstatement of approval

Current through June 11, 2024
1. The
			 Commissioner or a designated representative thereof may suspend or revoke the
			 approval of a course if he or she determines that:
(a) The content of the course has been
			 changed without notice to the Commissioner or designated representative and the
			 change affects the number of hours of credit assigned to the course;
(b) A certificate of completion has been
			 issued and hours were credited to a person who has not completed the
			 course;
(c) A certificate of
			 completion has not been issued and hours have not been credited when requested
			 to a person who has successfully completed the course;
(d) The quality of instruction is
			 inadequate;
(e) The content of the
			 course does not meet the requirements for approval of a course set forth in NAC
			 684A.220;
(f) The sponsor has not maintained the
			 records required by NAC
			 684A.230; or
(g) The sponsor has employed an unsuitable
			 person as an instructor for the course.
Nevada Administrative Code › Chapter 684A - Adjusters › PRELICENSURE EDUCATION › Section 684A.240 - Submission of false or fraudulent certificate of completion grounds for refusal to issue, suspend or revoke license

Current through June 11, 2024
The Commissioner will refuse to issue a license as an adjuster
				to, or will suspend or revoke the license of, any person who knowingly submits
				to the Commissioner a false or fraudulent certificate of completion of a course
				of instruction.
Added to NAC
				by Comm'r of Insurance by
				R028-18AP,
				eff. 7/1/2018
NRS 679B.130,
				  684A.070,
				  684A.235
Nevada Administrative Code › Chapter 684A - Adjusters › PRELICENSURE EDUCATION › Section 684A.250 - Required forms

Current through June 11, 2024
Every application, certificate or other form required to be
				filed with the Commissioner or a designated representative pursuant to NAC
				684A.200 to
				684A.250, inclusive, must be on
				a form approved by the Commissioner.
Added to NAC
				by Comm'r of Insurance by
				R028-18AP,
				eff. 7/1/2018
NRS 679B.130,
				  684A.070,
				  684A.235
Nevada Administrative Code › Chapter 684A - Adjusters › LICENSURE › Section 684A.300 - Required score on examination

Current through June 11, 2024
Unless exempted from taking or retaking the examination
				pursuant to NRS
				684A.100 or
				684A.105, an applicant for a
				license as an adjuster must attain a score of 70 or more points in order to
				pass the licensing examination required by
				NRS
				684A.100.
(Added to NAC
				by Comm'r of Insurance, eff. 3-15-84; A by
				R028-18AP,
				7/1/2018)-(Substituted in revision for NAC
				684A.010)
NRS 679B.130,
				  684A.100,
				  684A.235
Nevada Administrative Code › Chapter 684A - Adjusters › CONTINUING EDUCATION › Section 684A.400 - Requirements for renewal of license; exception for certain nonresident licensees

Current through June 11, 2024
To renew a license as an adjuster, each individual who holds a
				license as an adjuster must, except as otherwise provided in
				NRS
				684A.135, certify that he or she has
				successfully completed 24 hours of approved continuing education within the
				3-year period before the date of renewal described in
				NRS
				684A.130. Pursuant to
				NRS
				684A.135, 3 of the 24 hours of approved
				continuing education must be in a subject of ethics. The hours of continuing
				education must be related to the line or lines of insurance for which the
				licensee holds a license.
Added to NAC
				by Comm'r of Insurance by
				R028-18AP,
				eff. 7/1/2018
NRS 679B.130,
				  684A.235
Nevada Administrative Code › Chapter 684A - Adjusters › CONTINUING EDUCATION › Section 684A.405 - Requirements for approval of course; application; grounds for denial; approval of material change in content of course; certain notice required of sponsor of course

Current through June 11, 2024
1. Any person who
			 requests approval of a course of continuing education shall furnish to the
			 Commissioner or to a designated representative thereof not later than 60 days
			 before the beginning of the course:
(a) An
			 outline of the subject matter;
(b)
			 The method of presentation;
(c) The
			 qualifications of the instructor;
(d) The number of classroom hours or, if the
			 request is for approval of a correspondence course, a self-study course or an
			 on-line computer course, the equivalent of classroom hours, and a written
			 procedure for conducting a supervised final examination;
(e) Any applicable fee established and
			 required by the Commissioner; and
(f) Any other information required by the
			 Commissioner or a designated representative.
Nevada Administrative Code › Chapter 684A - Adjusters › CONTINUING EDUCATION › Section 684A.410 - Requirements for advertising

Current through June 11, 2024
1. A course of
			 continuing education must not be advertised unless the Commissioner or a
			 designated representative has approved the course in writing.
2. Any advertisement of an approved course of
			 continuing education must contain:
(a) The
			 title of the course;
(b) The name
			 and address of the person approved to provide the course;
(c) The lines of insurance for which the
			 course has been approved;
(d) The
			 number of hours of credit for continuing education for which the course has
			 been approved; and
(e) A brief
			 summary or outline of the contents of the course.
Nevada Administrative Code › Chapter 684A - Adjusters › CONTINUING EDUCATION › Section 684A.415 - Duties of sponsor of approved course

Current through June 11, 2024
The sponsor of a course of continuing education approved by the
				Commissioner or a designated representative thereof shall:
1. Provide a certificate of completion to
			 each person who successfully completes the course. The certificate must be on a
			 form approved by the Commissioner or a designated representative.
2. Maintain records of attendance and
			 examination scores for not less than 4 years.
3. Make these records and scores available to
			 the Commissioner or a designated representative upon request.
4. Not employ an unsuitable person as an
			 instructor for the course.
Added to NAC
				by Comm'r of Insurance by
				R028-18AP,
				eff. 7/1/2018
NRS 679B.130,
				  684A.235
Nevada Administrative Code › Chapter 684A - Adjusters › CONTINUING EDUCATION › Section 684A.420 - Credit for completion of unapproved course

Current through June 11, 2024
An individual who holds a license as an adjuster who is seeking
				approval for hours of continuing education after completing a course organized
				by and conducted with the supervision of a trade association of the insurance
				industry or a national association of agents, brokers or adjusters that was not
				approved by the Commissioner or a designated representative thereof
				must:
1. Request approval of the hours
			 from the Commissioner or a designated representative;
2. Submit the information required in
			 subsection 1 of NAC
			 684A.405; and
3. Submit a document signed by the instructor
			 or sponsor of the course which verifies the attendance of the licensee and his
			 or her successful completion of each portion of the course for which credit is
			 sought.
Added to NAC
				by Comm'r of Insurance by
				R028-18AP,
				eff. 7/1/2018
NRS 679B.130,
				  684A.235
Nevada Administrative Code › Chapter 684A - Adjusters › CONTINUING EDUCATION › Section 684A.425 - Credit for teaching approved course by licensee

Current through June 11, 2024
An individual who holds a license as an adjuster who teaches an
				approved course may receive credit for continuing education for the number of
				hours that would be granted to a licensee taking and successfully completing
				the course. Such a licensee will receive credit in this manner only once during
				a renewal period for each course taught.
Added to NAC
				by Comm'r of Insurance by
				R028-18AP,
				eff. 7/1/2018
NRS 679B.130,
				  684A.235
Nevada Administrative Code › Chapter 684A - Adjusters › CONTINUING EDUCATION › Section 684A.430 - Limitations on receipt and use of credit

Current through June 11, 2024
An individual who holds a license as an adjuster:
1. May receive credit for continuing
			 education only once during a renewal period for each course taken.
2. May not carry forward to the next renewal
			 period any hours of continuing education that are accumulated during a renewal
			 period in excess of the hours required pursuant to NAC
			 684A.400.
Added to NAC
				by Comm'r of Insurance by
				R028-18AP,
				eff. 7/1/2018
NRS 679B.130,
				  684A.235
Nevada Administrative Code › Chapter 684A - Adjusters › CONTINUING EDUCATION › Section 684A.435 - Verification of completion: Provision to Commissioner; maintenance by licensee; effect of failure to provide

Current through June 11, 2024
1. Each individual
			 who holds a license as an adjuster shall furnish to the Commissioner upon the
			 renewal of his or her license or upon the request of the Commissioner, the
			 original certificate of completion issued by the sponsor for each course of
			 continuing education.
2. Such a
			 licensee shall keep a copy of each certificate of completion for not less than
			 4 years after the completion of the course.
3. Failure to provide verification of
			 continuing education credits upon request by the Commissioner is evidence that
			 the licensee did not complete the required continuing education.
Added to NAC
				by Comm'r of Insurance by
				R028-18AP,
				eff. 7/1/2018
NRS 679B.130,
				  684A.235
Nevada Administrative Code › Chapter 684A - Adjusters › CONTINUING EDUCATION › Section 684A.440 - Grounds for suspension or revocation of approval of course of continuing education; audit to ensure compliance; reinstatement of approval

Current through June 11, 2024
1. The Commissioner or a designated
			 representative thereof may suspend or revoke the approval of a course of
			 continuing education if he or she determines that:
(a) The content of the course has been
			 changed without notice to the Commissioner or designated representative and the
			 change affects the number of hours of credit assigned to the course;
(b) A certificate of completion has been
			 issued and hours were credited to a person who has not completed the
			 course;
(c) A certificate of
			 completion has not been issued and hours have not been credited when requested
			 to a person who has successfully completed the course;
(d) The quality of instruction is
			 inadequate;
(e) The content of the
			 course does not meet the objectives of subsection 3 of NAC
			 684A.405;
(f) The sponsor has not maintained the
			 records required by subsection 2 of NAC
			 684A.415; or
(g) The sponsor has employed an unsuitable
			 person as an instructor for the course.
Nevada Administrative Code › Chapter 684A - Adjusters › CONTINUING EDUCATION › Section 684A.450 - Failure to comply with requirements grounds for refusal to renew license; submission of false or fraudulent affidavit of compliance

Current through June 11, 2024
1. The Commissioner will not, except as
			 otherwise provided in
			 NRS
			 684A.135, renew the license of an individual
			 who holds a license as an adjuster and fails to comply with the requirements of
			 NAC 684A.400 to
			 684A.450, inclusive.
2. Any person who submits a false or
			 fraudulent affidavit that certifies his or her compliance with the requirements
			 of NAC 684A.400 to
			 684A.450, inclusive, shall be
			 deemed to have:
(a) Violated a regulation for
			 the purposes of subsection 2 of
			 NRS
			 683A.451;
(b) Made a material misrepresentation in an
			 application for a license for the purposes of subsection 1 or 3 of
			 NRS
			 683A.451; and
(c) Proven himself or herself untrustworthy
			 for the purposes of subsection 8 of
			 NRS
			 683A.451.
Nevada Administrative Code › Chapter 685A - Nonadmitted Insurance › GENERAL PROVISIONS › Section 685A.115 - Definitions

Current through June 11, 2024
As used in this chapter, unless the context otherwise requires,
						the words and terms defined in NAC 685A.120 to 685A.150, inclusive, have the
						meanings ascribed to them in those sections.
Comm'r of Insurance,
						PC-22, § 3, eff. 7-18-80-NAC A 3-5-91;
						3-20-96
NRS
							679B.130,
							685A.210
Nevada Administrative Code › Chapter 685A - Nonadmitted Insurance › GENERAL PROVISIONS › Section 685A.120 - "Admitted insurer" defined

Current through June 11, 2024
"Admitted insurer" means an insurer which holds a certificate
						of authority to transact the business of insurance in this State pursuant to
						chapter 680A of NRS.
Comm'r of Insurance,
						PC-22, § 3, eff. 7-18-80-NAC A 3-5-91-Substituted in revision for part of
						NAC 685A.115
NRS
							679B.130,
							685A.210
Nevada Administrative Code › Chapter 685A - Nonadmitted Insurance › GENERAL PROVISIONS › Section 685A.123 - "Board of directors" defined

Current through June 11, 2024
"Board of directors" means the board of directors of an
						organization.
Added to NAC by Comm'r
						of Insurance, eff. 3-20-96
NRS
							679B.130,
							685A.210
Nevada Administrative Code › Chapter 685A - Nonadmitted Insurance › GENERAL PROVISIONS › Section 685A.125 - "Broker" defined

Current through June 11, 2024
"Broker" means a surplus lines broker who is licensed in
						accordance with chapter 685A of NRS.
Comm'r of Insurance,
						PC-22, § 3, eff. 7-18-80-NAC A 3-5-91-Substituted in revision for part of
						NAC 685A.115
NRS
							679B.130,
							685A.210
Nevada Administrative Code › Chapter 685A - Nonadmitted Insurance › GENERAL PROVISIONS › Section 685A.140 - "Eligible insurer" defined

Current through June 11, 2024
"Eligible insurer" means an insurer which does not hold a
						certificate of authority to transact the business of insurance in this State
						but has qualified to write nonadmitted insurance in this State pursuant to
						chapter 685A of NRS.
Comm'r of Insurance,
						PC-22, § 3, eff. 7-18-80-NAC A 3-5-91; R034-12, 9-14-2012-Substituted in
						revision for part of NAC 685A.115
NRS
							679B.130,
							685A.210
Nevada Administrative Code › Chapter 685A - Nonadmitted Insurance › GENERAL PROVISIONS › Section 685A.145 - "Ineligible insurer" defined

Current through June 11, 2024
"Ineligible insurer" means an insurer which does not hold a
						certificate of authority to transact the business of insurance in this State
						and has not qualified pursuant to chapter 685A of NRS to write nonadmitted
						insurance in this State.
Comm'r of Insurance,
						PC-22, § 3, eff. 7-18-80-NAC A 3-5-91; R034-12, 9-14-2012-Substituted in
						revision for part of NAC 685A.115
NRS
							679B.130,
							685A.210
Nevada Administrative Code › Chapter 685A - Nonadmitted Insurance › GENERAL PROVISIONS › Section 685A.148 - "Organization" defined

Current through June 11, 2024
"Organization" means a nonprofit organization of surplus lines
						brokers formed pursuant to
						NRS
						685A.075.
Added to NAC by Comm'r
						of Insurance, eff. 3-20-96
NRS
							679B.130,
							685A.210
Nevada Administrative Code › Chapter 685A - Nonadmitted Insurance › GENERAL PROVISIONS › Section 685A.150 - "Producing agent or broker" defined

Current through June 11, 2024
"Producing agent or broker" means an agent or broker of a
						subject of insurance for an insured for which Nevada is the home state who is
						licensed by the Commissioner and acts on behalf of the insured in the placement
						of risks through a broker.
Comm'r of Insurance,
						PC-22, § 3, eff. 7-18-80-NAC A 3-5-91; R034-12, 9-14-2012-Substituted in
						revision for part of NAC 685A.115
NRS
							679B.130,
							685A.210