Nevada Administrative Code

NAC 684A.116 “License as an adjuster” defined. (NRS 679B.130, 684A.235) “License as an adjuster” means a license as an independent adjuster, a public adjuster, a company adjuster or a staff adjuster. (Added to NAC by Comm’r of Insurance by R028-18, eff. 7-1-2018)

NAC 684A.125 “Sponsor” defined. (NRS 679B.130, 684A.235) “Sponsor” means the person seeking approval for a course of instruction pursuant to NAC 684A.205. (Added to NAC by Comm’r of Insurance by R028-18, eff. 7-1-2018)

NAC 684A.130 “Unsuitable person” defined. (NRS 679B.130, 684A.235) “Unsuitable person” has the meaning ascribed to it in NAC 679B.039. (Added to NAC by Comm’r of Insurance by R028-18, eff. 7-1-2018) PRELICENSURE EDUCATION

NAC 684A.200 Requirements for completion of course of instruction. (NRS 679B.130, 684A.070, 684A.235) In addition to the requirements of chapter 684A of NRS, an applicant for a license as an adjuster or an associate adjuster must complete a course of instruction approved by the C…

NAC 684A.205 Approval of course of instruction and instructor: Required documents; grounds for denial; limitation on hours; approval of material change in content of course. (NRS 679B.130, 684A.070, 684A.235) 1. A course of instruction and the instructor for the course must be ap…

NAC 684A.210 Qualifications of instructor; limitations on instruction. (NRS 679B.130, 684A.070, 684A.235) 1. An instructor must: (a) Have at least 5 years of relevant experience in the topic to be taught; or (b) Be approved by the Nevada System of Higher Education to teach insura…

NAC 684A.215 Approval of correspondence, extension or self-study course of instruction. (NRS 679B.130, 684A.070, 684A.235) 1. A correspondence course, extension course or self-study course may be approved by the Commissioner or a designated representative if: (a) The course satis…

NAC 684A.220 Required subject matter of course of instruction; hours of instruction. (NRS 679B.130, 684A.070, 684A.235) 1. A course must consist of: (a) At least 5 hours of instruction in the classroom, or the equivalent in a self-study course approved by the Commissioner or a de…

NAC 684A.230 Sponsor of course of instruction: Maintenance of records; quarterly submission of certain information; provision of certificate of completion of course. (NRS 679B.130, 684A.070, 684A.235) 1. Each sponsor of a course shall maintain a complete record of each person att…

NAC 684A.235 Grounds for suspension or revocation of approval of course of instruction; audit to ensure compliance; reinstatement of approval. (NRS 679B.130, 684A.070, 684A.235) 1. The Commissioner or a designated representative thereof may suspend or revoke the approval of a cou…

NAC 684A.240 Submission of false or fraudulent certificate of completion grounds for refusal to issue, suspend or revoke license. (NRS 679B.130, 684A.070, 684A.235) The Commissioner will refuse to issue a license as an adjuster to, or will suspend or revoke the license of, any pe…

NAC 684A.250 Required forms. (NRS 679B.130, 684A.070, 684A.235) Every application, certificate or other form required to be filed with the Commissioner or a designated representative pursuant to NAC 684A.200 to 684A.250, inclusive, must be on a form approved by the Commissioner. …

NAC 684A.300 Required score on examination. (NRS 679B.130, 684A.100, 684A.235) Unless exempted from taking or retaking the examination pursuant to NRS 684A.100 or 684A.105, an applicant for a license as an adjuster must attain a score of 70 or more points in order to pass the lic…

NAC 684A.400 Requirements for renewal of license; exception for certain nonresident licensees. (NRS 679B.130, 684A.235) To renew a license as an adjuster, each individual who holds a license as an adjuster must, except as otherwise provided in NRS 684A.135, certify that he or she…

NAC 684A.405 Requirements for approval of course; application; grounds for denial; approval of material change in content of course; certain notice required of sponsor of course. (NRS 679B.130, 684A.235) 1. Any person who requests approval of a course of continuing education shal…

NAC 684A.410 Requirements for advertising. (NRS 679B.130, 684A.235) 1. A course of continuing education must not be advertised unless the Commissioner or a designated representative has approved the course in writing. 2. Any advertisement of an approved course of continuing educa…

NAC 684A.415 Duties of sponsor of approved course. (NRS 679B.130, 684A.235) The sponsor of a course of continuing education approved by the Commissioner or a designated representative thereof shall: 1. Provide a certificate of completion to each person who successfully completes …

NAC 684A.420 Credit for completion of unapproved course. (NRS 679B.130, 684A.235) An individual who holds a license as an adjuster who is seeking approval for hours of continuing education after completing a course organized by and conducted with the supervision of a trade associ…

NAC 684A.425 Credit for teaching approved course by licensee. (NRS 679B.130, 684A.235) An individual who holds a license as an adjuster who teaches an approved course may receive credit for continuing education for the number of hours that would be granted to a licensee taking an…

NAC 684A.430 Limitations on receipt and use of credit. (NRS 679B.130, 684A.235) An individual who holds a license as an adjuster: 1. May receive credit for continuing education only once during a renewal period for each course taken. 2. May not carry forward to the next renewal p…

NAC 684A.435 Verification of completion: Provision to Commissioner; maintenance by licensee; effect of failure to provide. (NRS 679B.130, 684A.235) 1. Each individual who holds a license as an adjuster shall furnish to the Commissioner upon the renewal of his or her license or up…

NAC 684A.440 Grounds for suspension or revocation of approval of course of continuing education; audit to ensure compliance; reinstatement of approval. (NRS 679B.130, 684A.235) 1. The Commissioner or a designated representative thereof may suspend or revoke the approval of a cour…

NAC 684A.450 Failure to comply with requirements grounds for refusal to renew license; submission of false or fraudulent affidavit of compliance. (NRS 679B.130, 684A.235) 1. The Commissioner will not, except as otherwise provided in NRS 684A.135, renew the license of an individua…

NAC 685A.115 Definitions. (NRS 679B.130, 685A.210) As used in this chapter, unless the context otherwise requires, the words and terms defined in NAC 685A.120 to 685A.150, inclusive, have the meanings ascribed to them in those sections. [Comm’r of Insurance, PC-22, § 3, eff. 7-18…

NAC 685A.120 “Admitted insurer” defined. (NRS 679B.130, 685A.210) “Admitted insurer” means an insurer which holds a certificate of authority to transact the business of insurance in this State pursuant to chapter 680A of NRS. [Comm’r of Insurance, PC-22, § 3, eff. 7-18-80]—(NAC A…

NAC 685A.123 “Board of directors” defined. (NRS 679B.130, 685A.210) “Board of directors” means the board of directors of an organization. (Added to NAC by Comm’r of Insurance, eff. 3-20-96)

NAC 685A.125 “Broker” defined. (NRS 679B.130, 685A.210) “Broker” means a surplus lines broker who is licensed in accordance with chapter 685A of NRS. [Comm’r of Insurance, PC-22, § 3, eff. 7-18-80]—(NAC A 3-5-91)—(Substituted in revision for part of NAC 685A.115)

NAC 685A.130 “Commissioner” defined. (NRS 679B.130, 685A.210) “Commissioner” means the Commissioner of Insurance. (Supplied in codification)

NAC 685A.135 “Division” defined. (NRS 679B.130, 685A.210) “Division” means the Division of Insurance of the Department of Business and Industry. (Supplied in codification)

NAC 685A.140 “Eligible insurer” defined. (NRS 679B.130, 685A.210) “Eligible insurer” means an insurer which does not hold a certificate of authority to transact the business of insurance in this State but has qualified to write nonadmitted insurance in this State pursuant to chap…

NAC 685A.145 “Ineligible insurer” defined. (NRS 679B.130, 685A.210) “Ineligible insurer” means an insurer which does not hold a certificate of authority to transact the business of insurance in this State and has not qualified pursuant to chapter 685A of NRS to write nonadmitted …

NAC 685A.148 “Organization” defined. (NRS 679B.130, 685A.210) “Organization” means a nonprofit organization of surplus lines brokers formed pursuant to NRS 685A.075. (Added to NAC by Comm’r of Insurance, eff. 3-20-96)

NAC 685A.150 “Producing agent or broker” defined. (NRS 679B.130, 685A.210) “Producing agent or broker” means an agent or broker of a subject of insurance for an insured for which Nevada is the home state who is licensed by the Commissioner and acts on behalf of the insured in the…

NAC 685A.155 “Qualified risk manager” interpreted. (NRS 679B.130, 685A.210) The Commissioner will interpret the term “qualified risk manager,” as used in NRS 685A.032, to have the meaning ascribed to it in 15 U.S.C. § 8206(13). (Added to NAC by Comm’r of Insurance by R034-12, eff…

NAC 685A.205 Duties of brokers. (NRS 679B.130, 685A.210) 1. A broker shall make a reasonable effort to determine the financial solvency of any foreign or alien insurer which is not an admitted insurer and is not an insurer listed on the Quarterly Listing of Alien Insurers maintai…

NAC 685A.215 Conditions for placement. (NRS 679B.130, 685A.040, 685A.210) 1. Except as otherwise provided in subsection 3, for an insured for which Nevada is the home state, insurance which is not readily obtainable from admitted insurers after a diligent effort has been made to …

NAC 685A.220 Acceptance of business from agents or brokers. (NRS 679B.130, 685A.210) 1. In accepting business from producing agents or brokers, the broker assumes the same statutory responsibilities and obligations as would exist if there were no other producing agent or broker. …

NAC 685A.230 Inspection fee and report. (NRS 679B.130, 685A.210) 1. For an insured for which Nevada is the home state, the broker may pass on an inspection fee to the insured and may collect the fee from him or her as a part of the premium if the fee is directly related to an ind…

NAC 685A.240 Broker’s report. (NRS 679B.130, 685A.050, 685A.210) 1. The following provisions apply to the broker’s report required by NRS 685A.050: (a) The report constitutes the broker’s statement of compliance with NRS 685A.040, 685A.070, 685A.080 and 685A.090. (b) A separate r…

NAC 685A.250 Records; fiduciary account. (NRS 679B.130, 685A.160, 685A.210) 1. In addition to the records required by NRS 685A.160, the broker shall maintain complete copies of reports required by NRS 685A.050, including any amendment to a report, which have been filed with the C…

NAC 685A.350 Duties of organization. (NRS 679B.130, 685A.210) An organization shall: 1. Establish and maintain an office in this State to carry out the applicable provisions of this chapter and chapter 685A of NRS. 2. Maintain a plan of operation which ensures that the members of…

NAC 685A.360 General powers of organization. (NRS 679B.130, 685A.210) An organization may: 1. Examine and evaluate the business of insurance to identify changes in coverage, premiums and volume that affect the business of insurance in this State, and make reports of such examinat…

NAC 685A.370 Fee for review of coverage. (NRS 679B.130, 685A.075, 685A.210) Each broker who is a member of an organization shall pay to the organization a fee for the review of surplus lines coverage. The fee must be paid within 30 days after the broker receives an invoice from t…

NAC 685A.380 Board of directors: Duties; assistance with investigations of alleged violations. (NRS 679B.130, 685A.210) 1. The board of directors shall: (a) Promptly report alleged violations of this chapter and chapters 685A and 685B of NRS to the Commissioner; (b) Report to the…

NAC 685A.390 Books and financial records of organization open to general public; exception; records of Division. (NRS 679B.130, 685A.077, 685A.210) 1. The books and financial records of an organization must be open to inspection by members of the general public upon written reque…

NAC 685A.400 Deposit or investment of money; audit of accounts. (NRS 679B.130, 685A.075, 685A.210) 1. The money maintained by an organization must be: (a) Deposited in a bank chartered by this State; (b) Deposited in a bank that is a member of the United States Federal Reserve Sy…

NAC 685A.420 Filing of premium taxes. (NRS 679B.130, 685A.180, 685A.210) For the purpose of determining the tax payable to the Commissioner pursuant to NRS 685A.180, a broker shall file premium taxes through the Surplus Lines Information Portal, or a successor system, of the nonp…