1. If within 30 days after the contractual due date of any premium received by a producer of insurance or a surplus lines broker, the producer of insurance or surplus lines broker fails to remit the premium to the insurer or agency to whom it is owing, the insurer or agency, as the case may be, shall promptly report the failure to the Commissioner in writing.
2. The Commissioner may suspend the licenses of the producer or surplus lines broker so failing to remit, until the remittance has been made or the insurer or agency has filed with the Commissioner a release of the indebtedness satisfactory to the Commissioner.
3. The applicable procedures provided for in NRS 683A.461 apply to suspensions of a license under this section.
4. If the Commissioner, by the admission of the producer or surplus lines broker, or by examination of the records of the producer or surplus lines broker, determines that the charged failure to remit is true, the Commissioner may suspend the license without hearing.
(Added to NRS by 1971, 1654; A 2001, 2209)
Structure Nevada Revised Statutes
Chapter 683A - Persons Involved in Sale or Administration of Insurance
NRS 683A.025 - "Administrator" defined.
NRS 683A.031 - "Business organization" defined.
NRS 683A.041 - "Home state" defined.
NRS 683A.051 - "License" defined.
NRS 683A.060 - "Managing general agent" defined.
NRS 683A.065 - "Negotiate" defined.
NRS 683A.072 - "Sell" defined.
NRS 683A.074 - "Solicit" defined.
NRS 683A.076 - "Terminate" defined.
NRS 683A.078 - "Uniform application" defined.
NRS 683A.081 - "Affiliate" defined.
NRS 683A.082 - "Control" defined.
NRS 683A.083 - "Insurer" defined.
NRS 683A.084 - "Underwrite" defined.
NRS 683A.085 - Qualifications.
NRS 683A.08522 - Certificate of registration: Contents of application.
NRS 683A.08526 - Certificate of registration: Duration; expiration; renewal.
NRS 683A.08528 - Annual report: Requirements; review by Commissioner.
NRS 683A.0853 - Waiver of requirements for administrator’s certificate.
NRS 683A.0857 - Bond: Requirement; amount; conditions; replacement.
NRS 683A.0863 - Payments to administrator.
NRS 683A.088 - Payment of claims by check or draft.
NRS 683A.0883 - Basis for compensation of administrator.
NRS 683A.089 - Delivery to insureds of communications of insurer.
NRS 683A.0893 - Penalty for acting without certificate of registration.
NRS 683A.090 - License required; administrative fine.
NRS 683A.172 - "Covered person" defined.
NRS 683A.173 - "Pharmacy" defined.
NRS 683A.174 - "Pharmacy benefit manager" defined.
NRS 683A.175 - "Pharmacy benefits plan" defined.
NRS 683A.1815 - "Facility" defined.
NRS 683A.182 - "Occupant" defined.
NRS 683A.1823 - "Owner" defined.
NRS 683A.1826 - "Personal property" defined.
NRS 683A.1828 - "Personal property storage insurance" defined.
NRS 683A.183 - "Rental agreement" defined.
NRS 683A.1835 - "Storage space" defined.
NRS 683A.1837 - "Supervising entity" defined.
NRS 683A.185 - Examination or education not required to receive or renew license.
NRS 683A.1855 - Restrictions relating to sales and coverage; rates to be filed with Commissioner.
NRS 683A.1875 - Employee or authorized representative may act for licensee.
NRS 683A.193 - "Offer and disseminate" defined.
NRS 683A.195 - "Producer of limited lines travel insurance" defined.
NRS 683A.197 - "Travel insurance" defined.
NRS 683A.199 - "Travel retailer" defined.
NRS 683A.201 - License required; exemption for insurers; administrative fine.
NRS 683A.211 - Persons exempt from licensing.
NRS 683A.231 - Licensing of bank.
NRS 683A.265 - Licensing of producer of limited lines travel insurance.
NRS 683A.281 - Nonresident licensees: Service of process; agreement to appear.
NRS 683A.301 - Use of true or fictitious name by applicant for license or licensee.
NRS 683A.311 - Temporary licenses: Authority of Commissioner to issue, limit or revoke; expiration.
NRS 683A.325 - Commissions and compensation.
NRS 683A.351 - Records of transactions: Maintenance; examination by Commissioner; destruction.
NRS 683A.369 - Travel retailers: Authorized scope of activities.
NRS 683A.3693 - Travel retailers: Prohibited activities.
NRS 683A.3695 - Travel retailers: Required written disclosures.
NRS 683A.372 - Approval to conduct external reviews: Minimum qualifications; conflicts of interest.
NRS 683A.373 - Submission of annual list to Office for Consumer Health Assistance.
NRS 683A.451 - Authority of Commissioner; grounds for action.