Licensing of nonresident persons
- participation by Commissioner in centralized registry
- required notifications.
1.Unless the Commissioner refuses to issue the license under NRS 683A.451, the Commissioner shall issue a license as a producer of insurance to a nonresident person if the nonresident person:
(a)Is currently licensed as a resident and in good standing in his or her home state;
(b)Has made the proper request for licensure and paid all applicable fees prescribed for the license;
(c)Has sent to the Commissioner the application for licensure that the nonresident person made in his or her home state, or a completed uniform application;
(d)Has a home state which issues nonresident licenses as producers of insurance to residents of this State pursuant to substantially the same procedure; and
(e)Establishes and maintains a valid electronic mail address at the applicant’s own expense.
2.The Commissioner may participate with the National Association of Insurance Commissioners or a subsidiary in a centralized registry in which licensing and appointment of producers of insurance may be effected for all states that require licensing and participate in the registry. If the Commissioner finds that participation is in the public interest, the Commissioner may adopt by regulation any uniform standards and procedures necessary for participation, including central collection of fees for licensing and appointment that are handled through the registry.
3.A nonresident producer who moves from one state to another state shall file a change of address and certification from the new state of residence within 30 days after the change of legal residence. No fee or application for license is required.
4.A nonresident licensed as a producer for surplus lines in his or her home state must be issued a nonresident license of that kind in this State pursuant to subsection 1, subject in all other respects to chapter 685A of NRS. A nonresident licensed as a producer for limited lines in his or her home state is entitled to a nonresident license of that kind in this State pursuant to subsection 1, granting the same scope of authority as the license issued in the home state. As used in this subsection, insurance for limited lines is authority granted by the home state which is restricted to less than the total authority prescribed for the associated major lines pursuant to NRS 683A.261.
5.A nonresident firm or corporation maintaining a physical business location in this State shall notify the Commissioner of each physical location in this State from which it transacts business. A nonresident firm or corporation shall maintain a list identifying the locations outside this State from which it transacts business and provide the list to the Commissioner upon request.
Section 683A.271 — Licensing of nonresident persons; participation by Commissioner in centralized registry; required notifications.,