Licensing of business entity.
Any business entity to whom a license is issued or renewed must:
Be eligible to declare this State as its home state;
Designate a licensed adjuster to be responsible for the compliance of the business entity with the insurance laws, rules and regulations of this State; and
Never have committed any act that is a ground for refusal to issue, suspension or revocation of a license pursuant to NRS 683A.451.
If the business entity is a firm or a corporation, transaction of business under the license must be within the purposes stated in the firms partnership agreement or the corporations charter, as applicable.
The licensee shall promptly notify the Commissioner in writing of all changes among its members, directors, officers and other natural persons designated pursuant to subsection 1 or NRS 684A.090.