NRS 628A.040
Financial planner required to maintain insurance for liability or surety bond

  • exceptions.

1.

Except as otherwise provided in subsection 2, a financial planner shall maintain insurance covering liability for errors or omissions, or a surety bond to compensate clients for losses actionable pursuant to this chapter, in an amount of $1,000,000 or more.

2.

The provisions of subsection 1 do not apply to:

(a)

A broker-dealer or sales representative licensed pursuant to NRS 90.310 or exempt under NRS 90.320; or

(b)

An investment adviser licensed pursuant to NRS 90.330 or exempt under NRS 90.340.

Source: Section 628A.040 — Financial planner required to maintain insurance for liability or surety bond; exceptions., https://www.­leg.­state.­nv.­us/NRS/NRS-628A.­html#NRS628ASec040.

Last Updated

Feb. 5, 2021

§ 628A.040’s source at nv​.us