NRS 689.225
Agent’s license required

exception
administrative fine.

1.

It is unlawful for any person to solicit the sale of a prepaid contract in this state on behalf of a seller unless the person holds a valid agent’s license issued by the Commissioner.

2.

This section does not apply to a seller who holds a valid seller’s certificate of authority.

3.

A person who solicits the sale of a prepaid contract in this state without a license is subject to an administrative fine of not more than $1,000 for each violation.

Source: Section 689.225 — Agent’s license required; exception; administrative fine., https://www.leg.state.nv.us/NRS/NRS-689.html#NRS689Sec225.

689.150
Definitions. 689.155
Applicability. 689.160
Applicability of other provisions to agents and sellers. 689.165
Certificate of authority and compliance with provisions required. 689.175
Certificate of authority: Application and supporting documents 689.185
Certificate of authority: Surety bond required. 689.195
Certificate of authority: Issuance 689.205
Certificate of authority: Expiration 689.215
Certificate of authority: Revocation 689.225
Agent’s license required 689.235
Agent’s license: Qualifications 689.245
Agent’s license: Issuance 689.255
Agent’s license: Expiration 689.258
Payment of child support: Statement by applicant for agent’s license 689.262
Suspension of agent’s license for failure to pay child support or comply with certain subpoenas or warrants 689.265
Agent’s license: Revocation 689.275
Prepaid contracts: Content 689.285
Prepaid contracts: Approval and disapproval of forms. 689.295
Prepaid contracts: Credit life insurance. 689.305
Prepaid contracts: Maximum sales commission. 689.315
Prepaid contracts: Maintenance and administration of trust fund. 689.325
Prepaid contracts: Distributions to seller from trust fund 689.345
Prepaid contracts: Net purchase price to be available on termination by buyer, estate or heirs. 689.355
Prepaid contracts: Termination by buyer. 689.365
Prepaid contracts: Termination on insolvency or other inability of seller to perform 689.375
Records of seller

Last Updated

Jun. 24, 2021

§ 689.225’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_689.225

Original Source: Section 689.225 — Agent’s license required; exception; administrative fine., https://www.leg.state.nv.us/NRS/NRS-689.html#NRS689Sec225 (last accessed Jun. 24, 2021).