Nevada Administrative Code

NAC 683A.005 “Unsuitable person” defined. (NRS 679B.130) As used in this chapter, unless the context otherwise requires, “unsuitable person” has the meaning ascribed to it in NAC 679B.039. (Supplied in codification; A by Comm’r of Insurance by R152-99, 1-28-2000) REVISER’S NOTE P…

NAC 683A.080 Adoption of definitions pertaining to certain restrictions on licensing. (NRS 679B.130, 683A.231) 1. To carry out the purposes of NRS 683A.231, the Commissioner adopts the definitions set forth in NAC 683A.082 to 683A.094, inclusive. 2. As used in NAC 683A.082 to 683…

NAC 683A.082 “Affiliate” defined. (NRS 679B.130, 683A.231) “Affiliate” means any person who, directly or indirectly, controls, is controlled by or is under common control with a bank located in this State that accepts deposits that the depositor has a legal right to withdraw on d…

NAC 683A.086 “Company” defined. (NRS 679B.130, 683A.231) “Company” means persons interested in some commercial or industrial undertaking, or other legitimate business, but does not include a corporation in which the United States or any state owns a majority of the shares. (Added…

NAC 683A.088 “Control” defined. (NRS 679B.130, 683A.231) 1. “Control” means the possession, by any means, direct or indirect, of the power to direct or cause the direction of the management and policies of a person, including a bank. 2. Control will be presumed to exist if any pe…

NAC 683A.089 “Credit property insurance” defined. (NRS 679B.130, 683A.231) “Credit property insurance” means insurance which provides for payment of: 1. The outstanding balance of a loan if the property given as security for the loan is destroyed; or 2. The cost of repairing the …

NAC 683A.090 “Demand deposit” defined. (NRS 679B.130, 683A.231) “Demand deposit” means a deposit that the depositor has a legal right to withdraw upon a proper written request. (Added to NAC by Comm’r of Insurance, eff. 8-2-82)

NAC 683A.092 “Parent” defined. (NRS 679B.130, 683A.231) “Parent” means a person who owns or controls, directly or indirectly, in whole or in part, a bank located in this State that accepts deposits that the depositor has a legal right to withdraw on demand, or a bank holding comp…

NAC 683A.094 “Subsidiary” defined. (NRS 679B.130, 683A.231) “Subsidiary” means any person owned or controlled, directly or indirectly, in whole or in part, by a bank located in this State that accepts deposits that the depositor has a legal right to withdraw on demand, or a bank …

NAC 683A.100 “Insurer” defined. (NRS 679B.130) Unless the context otherwise requires, any reference to “insurer” contained in NRS 683A.025, 683A.085 to 683A.0893, inclusive, and NAC 683A.105 to 683A.165, inclusive, shall be deemed to include any employer for whom a program of sel…

NAC 683A.103 Interpretation of terms used in definition of “administrator.” (NRS 679B.130, 683A.025) 1. For the purposes of subsection 1 of NRS 683A.025, the “adjustment or settlement of claims” includes, but is not limited to: (a) Investigating or examining claims; or (b) Receiv…

NAC 683A.105 Applicant for certificate of registration: Submission of financial statement. (NRS 679B.130, 683A.08522) 1. Each applicant for a certificate of registration as an administrator shall submit: (a) If the applicant is a newly formed business: (1) A financial statement p…

NAC 683A.115 Evaluation of applicant. (NRS 679B.130, 683A.08524) 1. The Division will, to evaluate the competency and personal and business reputations of an applicant, review the applicant’s past performance in handling, settling and adjudicating claims. The applicant must inclu…

NAC 683A.119 Determination of whether administrator or applicant is financially unsound. (NRS 679B.130, 683A.08524, 683A.0892) The Commissioner will consider the following to determine whether an administrator or an applicant for a certificate of registration as an administrator …

NAC 683A.125 Duty to notify Commissioner of certain changes. (NRS 679B.130) An administrator shall notify the Commissioner of any change in: 1. Its members, owners, directors or officers within 30 days after the change. The administrator shall submit a notarized affidavit as desc…

NAC 683A.131 Annual report: Contents of financial statement. (NRS 679B.130, 683A.08528) The financial statement of an administrator submitted pursuant to NRS 683A.08528 must include: 1. A balance sheet that reports the assets, liabilities and net worth of the administrator; 2. An…

NAC 683A.155 Amount of bond; certificate of deposit in lieu of bond. (NRS 679B.130, 683A.0857) 1. Except as otherwise provided in subsection 3, and in addition to the amount prescribed by statute, the amount of the bond for each administrator must be increased as follows for each…

NAC 683A.165 Administrator of self-insurance reserve fund. (NRS 679B.130) An administrator of a self-insurance reserve fund pursuant to paragraph (c) of subsection 1 of NRS 287.010: 1. If it is a corporation, shall submit to the Division to establish that it is a resident of Neva…

NAC 683A.170 Exemptions. (NRS 679B.130) 1. NAC 683A.170 to 683A.261, inclusive, do not apply to: (a) A person applying for a nonresident license. (b) A person exempted from the requirement of taking the licensing examination by NRS 683A.291. (c) A person who has been employed by …

NAC 683A.180 Course of instruction required; passing grade. (NRS 679B.130) In addition to the requirements of chapter 683A of NRS, an applicant for a license to act as a producer of insurance or an insurance consultant for: 1. Life insurance, including annuities; 2. Accident and …

NAC 683A.190 Approval of course of instruction and instructor. (NRS 679B.130) 1. A course of instruction and the instructor for the course must be approved by the Division before the course is offered to a prospective applicant for a license. The sponsor of the course shall submi…

NAC 683A.201 Qualifications of instructor; limitation on instruction by unqualified instructor or mechanical aid. (NRS 679B.130) 1. An instructor must: (a) Have at least 5 years of relevant experience in the line or lines of insurance which he or she plans to teach; or (b) Be app…

NAC 683A.211 Correspondence, extension or self-study course. (NRS 679B.130) 1. A correspondence, extension or self-study course may be approved by the Division if: (a) The course satisfies all of the requirements of NAC 683A.170 to 683A.261, inclusive; (b) The student has quick a…

NAC 683A.221 Subject matter of courses; hours of instruction. (NRS 679B.130) A course must consist of at least 5 hours of instruction in the classroom, or the equivalent in a self-study course approved by the Division pursuant to NAC 683A.211, in the provisions of title 57 of NRS…

NAC 683A.225 Course of instruction for bail bonds. (NRS 679B.130) A person who requests approval of the course of instruction for bail bonds required by NRS 697.150, 697.170 or 697.184 must comply with the provisions of NAC 683A.190, 683A.201, 683A.211 and 683A.231 to 683A.261, i…

NAC 683A.231 Records; submission of certain information quarterly; certificate of completion for student. (NRS 679B.130) 1. Each sponsor of a course shall maintain a complete record of each person attending the course. The record must: (a) Indicate each person’s attendance; (b) I…

NAC 683A.241 Changes in sponsor, instructor or outline of course; suspension and revocation of approval of course. (NRS 679B.130) 1. If the sponsor, instructor or outline of a course changes after approval has been granted, the new sponsor, instructor or outline of the course mus…

NAC 683A.251 Submission or issuance of false or fraudulent documents; determination of sponsor or instructor as unsuitable person. (NRS 679B.130) 1. The Commissioner will refuse to license, or will suspend or revoke the license of any person who knowingly submits to the Division …

NAC 683A.261 Forms. (NRS 679B.130) Every application, certificate or other form required to be filed with the Division pursuant to NAC 683A.170 to 683A.261, inclusive, must be on a form furnished by the Division. (Added to NAC by Comm’r of Insurance, eff. 6-4-86; A 5-27-92) LICEN…

NAC 683A.270 Required score on examination. (NRS 679B.130, 683A.241, 683C.030) An applicant for a license as a producer of insurance or an insurance consultant who is required to complete an examination for licensure must attain a score of 70 or more on the appropriate licensing …

NAC 683A.272 Search of records of criminal history. (NRS 679B.130, 683A.251) 1. An applicant for a license as a resident producer of insurance must: (a) Submit with his or her application: (1) Two complete sets of fingerprints which the Commissioner may forward to the Central Rep…

NAC 683A.275 Short-term lessor of passenger vehicles: Licensure requirement; provision for training and supervision of employees; maintenance and availability of records. (NRS 679B.130) 1. A person licensed as a short-term lessor of passenger vehicles pursuant to NRS 482.363 must…

NAC 683A.280 Definitions. (NRS 679B.130) As used in NAC 683A.280 to 683A.295, inclusive: 1. “Agent who performs utilization review” has the meaning ascribed to it in NRS 683A.376. 2. “Insured” has the meaning ascribed to it in NRS 683A.376. 3. “Insurer” includes: (a) An authorize…

NAC 683A.285 Registration of insurer; plan for utilization review; insurer to report changes; renewal of registration. (NRS 679B.130, 683A.378) 1. An insurer shall not perform utilization review for another person unless it registers with the Commissioner as an agent who performs…

NAC 683A.290 Employee of registered agent not required to pay certain fees for registration or renewal. (NRS 679B.130, 683A.378) A person employed by a registered agent who performs utilization review is not required to pay the fees for registration or renewal set forth in NRS 68…

NAC 683A.295 Fees for photocopies of plan for utilization review; written request for photocopies required. (NRS 679B.130) 1. The Commissioner will charge the following fees for photocopies of a plan for utilization review filed pursuant to NRS 683A.378 or NAC 683A.285: (a) If th…

NAC 683A.310 Payments of premium made after termination of producer’s agreement. (NRS 679B.130) Where the license and agency contract of the original writing producer are terminated, and a mutual agreement between the company and producer is made, the producer may collect and for…

NAC 683A.315 Sale of annuities by banks: Required disclosures. (NRS 679B.130) 1. A bank licensed by the Commissioner to sell annuities shall disclose to its customers that the annuities sold by the bank: (a) Are not insured by the Federal Deposit Insurance Corporation; (b) Are no…

NAC 683A.317 Renewal of appointment of producer of insurance: Verification of records; fee. (NRS 679B.130) 1. Pursuant to subsection 4 of NRS 683A.321, an insurer shall annually renew each appointment of a producer of insurance who acts as his or her agent. An appointment as a pr…

NAC 683A.318 Definitions. (NRS 679B.130) As used in NAC 683A.318 to 683A.370, inclusive, unless the context otherwise requires, the words and terms defined in NAC 683A.320 and 683A.322 have the meanings ascribed to them in those sections. (Supplied in codification)

NAC 683A.320 “Course” defined. (NRS 679B.130) “Course” includes, but is not limited to, a program of instruction, correspondence course, course of independent study, self-study course or seminar. (Added to NAC by Comm’r of Insurance, eff. 3-7-90; A 2-15-95; R152-99, 1-28-2000)

NAC 683A.322 “Designated representative” defined. (NRS 679B.130) “Designated representative” means a person with whom the Commissioner contracts pursuant to NAC 683A.327. (Added to NAC by Comm’r of Insurance by R170-03, eff. 2-12-2004)

NAC 683A.325 Applicability of provisions. (NRS 679B.130) 1. Except as otherwise provided in subsection 2, the provisions of NAC 683A.318 to 683A.370, inclusive, apply to a person who: (a) Holds a license as a producer of insurance issued pursuant to chapter 683A of NRS or an insu…

NAC 683A.327 Designated representative: Authority of Commissioner. (NRS 679B.130) The Commissioner may contract with a person outside the Division to perform all or part of the administrative duties of the continuing education program, subject to the direction and approval of the…

NAC 683A.330 Requirements for renewal of license. (NRS 679B.130) 1. Except as otherwise provided in this section, to renew a license as a producer of insurance or an insurance consultant, each licensee must certify that he or she has successfully completed 30 hours of approved co…

NAC 683A.335 Requirements for approval of courses. (NRS 679B.130) 1. Any person who requests approval for a course for continuing education shall furnish to the Commissioner or to a designated representative thereof at least 60 days before the beginning of the course: (a) An outl…

NAC 683A.337 Requirements for advertisement of courses. (NRS 679B.130) 1. A course of continuing education must not be advertised unless the Commissioner or his or her designated representative has approved the course in writing. 2. Any advertisement of an approved course of cont…