Broker authorized to charge fee for procuring coverage; maximum amount of fee.

NRS 685A.155 Broker authorized to charge fee for procuring coverage; maximum amount of fee. The licensed surplus lines broker who is first engaged by or on behalf of an applicant for insurance may charge a fee for procuring surplus lines coverage. Except as otherwise provided by agreement between the insurer and that broker, the sum of the fee and any other commissions, fees and charges payable to that broker must not exceed 20 percent of the premium paid by the insured. (Added to NRS by 1987, 1149; A 2017, 4002; 2019, 1704)