NRS 685A.140
Suspension or revocation of broker’s license.

1.

In addition to other grounds therefor, the Commissioner may suspend or revoke any surplus lines broker’s license:

(a)

If the broker fails to file the quarterly statement or to remit the tax as required by NRS 685A.175 and 685A.180;

(b)

If the broker fails to maintain an office in this state or in the state where the broker was issued a license as a resident broker, or to keep the records, or to allow the Commissioner to examine his or her records as required by this chapter, or if the broker removes his or her records from the state; or

(c)

If this State is the insured’s home state and the broker places a surplus lines coverage in an insurer other than as authorized under this chapter.

2.

Upon suspending or revoking the broker’s surplus lines license the Commissioner may also suspend or revoke all other licenses of or as to the same individual under this Code.

Source: Section 685A.140 — Suspension or revocation of broker’s license., https://www.­leg.­state.­nv.­us/NRS/NRS-685A.­html#NRS685ASec140.

685A.010
Short title. 685A.020
Exemptions. 685A.025
Applicability. 685A.030
Definitions. 685A.031
“Broker” defined. 685A.032
“Exempt commercial purchaser” defined. 685A.033
“Export” defined. 685A.034
“Home state” defined. 685A.035
“Independently procured insurance” defined. 685A.036
“Multi-state risk” defined. 685A.037
“Nonadmitted insurance” defined. 685A.038
“Principal place of business” defined. 685A.039
“Surplus lines insurance” defined. 685A.040
Conditions for export. 685A.050
Broker’s report. 685A.060
Open lines for export. 685A.070
Eligible insurers. 685A.072
Domestic surplus lines insurer: Designation 685A.075
Nonprofit organization of brokers: Formation 685A.077
Immunity from civil liability given to Commissioner, Division and nonprofit organizations for certain acts 685A.080
Evidence of insurance 685A.090
Contracts for nonadmitted coverage: Requirements. 685A.100
Coverage from unauthorized insurer valid. 685A.110
Liability of insurer. 685A.120
Licensing of brokers 685A.127
Payment of child support: Statement by applicant for license 685A.133
Suspension of license for failure to pay child support or comply with certain subpoenas or warrants 685A.140
Suspension or revocation of broker’s license. 685A.150
Broker may accept business from licensed producer of insurance 685A.155
Licensed surplus lines broker may charge fee for procuring coverage 685A.160
Records of broker. 685A.175
Quarterly report and payment of tax by certain brokers. 685A.180
Tax on surplus lines. 685A.185
Multi-state agreement to collect premium tax on multi-state risks. 685A.190
Failure to file statement or pay tax 685A.200
Suit against insurers 685A.205
Regulations: Compliance with federal law relating to nonadmitted insurance. 685A.210
Regulations 685A.220
Applicability of other provisions. 685A.0315
“Domestic surplus lines insurer” defined. 685A.0375
“Nonadmitted insurer” defined. 685A.0385
“Principal residence” defined.
Last Updated

Jun. 24, 2021

§ 685A.140’s source at nv​.us