NRS 681A.430
License to act as intermediary.


1.

The Commissioner may issue a license to act as an intermediary to any person who has complied with the requirements of NRS 681A.250 to 681A.580, inclusive, and who submits a written application for a license to act as an intermediary, the appropriate fee set forth in NRS 680B.010 and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110. A license issued to a firm or association authorizes all the members of the firm or association and any designated employees to act as intermediaries. All those persons must be named in the application and any supplements thereto. A license issued to a corporation authorizes all of the officers and any designated employees and directors of the corporation to act as intermediaries on behalf of the corporation. All those persons must be named in the application and in any supplements thereto.

2.

If an applicant for a license to act as an intermediary is a nonresident, the applicant shall:

(a)

Designate the Commissioner as agent for service of process;

(b)

Furnish the Commissioner with the name and address of a resident of Nevada upon whom notices or orders of the Commissioner or process affecting the nonresident reinsurance intermediary may be served; and

(c)

Promptly notify the Commissioner in writing of every change in the applicant’s designated agent for service of process. The change is not effective until acknowledged by the Commissioner.

Source: Section 681A.430 — License to act as intermediary., https://www.­leg.­state.­nv.­us/NRS/NRS-681A.­html#NRS681ASec430.

681A.250
Definitions.
681A.260
“Actuary” defined.
681A.270
“Automatic agreement” defined.
681A.280
“Broker for reinsurance” defined.
681A.290
“Cede” defined.
681A.300
“Cession” defined.
681A.310
“Controlling person” defined.
681A.320
“Facultative” defined.
681A.330
“Intermediary” defined.
681A.340
“Licensed producer” defined.
681A.350
“Manager for reinsurance” defined.
681A.360
“Reinsured” defined.
681A.370
“Reinsurer” defined.
681A.380
“Retrocession” defined.
681A.390
“Retrocessionaire” defined.
681A.400
“Syndicate” defined.
681A.410
“Violation” defined.
681A.420
Limitations and requirements.
681A.430
License to act as intermediary.
681A.440
Circumstances under which Commissioner is authorized to refuse to issue license.
681A.450
Licensed attorney acting as intermediary.
681A.460
Brokers: Transactions with insurer
681A.470
Brokers: Maintenance of records of transactions
681A.480
Brokers: Conditions for employment
681A.490
Managers: Transactions with reinsurer
681A.500
Managers: Compliance with certain standards established by insurer
681A.510
Managers: Requirements for settlement of claims
681A.520
Managers: Sharing of interim profits.
681A.530
Managers: Maintenance of records of transactions
681A.540
Managers: Prohibited acts.
681A.550
Managers: Conditions for employment
681A.560
Examination of intermediary by Commissioner.
681A.570
Actions that may be taken against intermediary who fails to comply with laws.
681A.580
Rights of relevant parties not limited or expanded.
Last Updated

Jun. 24, 2021

§ 681A.430’s source at nv​.us