1. Each adjuster shall keep at his or her business address shown on the adjuster’s license a record of all transactions under the license.
2. The record shall include:
(a) A copy of each contract between an independent adjuster and an insurer or self-insurer.
(b) A copy of all investigations or adjustments undertaken.
(c) A statement of any fee, commission or other compensation received or to be received by the adjuster on account of such investigation or adjustment.
3. The adjuster shall make such records available for examination by the Commissioner at all times, and shall retain the records for at least 3 years after the closure of the claim to which the records apply.
4. An independent adjuster shall comply with any record retention policy agreed to in a contract between the independent adjuster and an insurer or self-insurer to the extent that such a policy imposes a requirement to retain records for a longer period than the period required by this section.
(Added to NRS by 1971, 1667; A 2017, 174; 2019, 1699)
Structure Nevada Revised Statutes
NRS 684A.010 - Applicability; short title.
NRS 684A.020 - "Adjuster" defined.
NRS 684A.023 - "Automated claims adjudication system" defined.
NRS 684A.024 - "Business entity" defined.
NRS 684A.025 - "Catastrophe" defined.
NRS 684A.027 - "Home state" defined.
NRS 684A.031 - "Person" defined.
NRS 684A.033 - "Uniform Business Entity Application" defined.
NRS 684A.034 - "Uniform Individual Application" defined.
NRS 684A.035 - Applicability of other provisions.
NRS 684A.100 - Examination for license: Required; exception.
NRS 684A.105 - Examination for license: Exemptions.
NRS 684A.135 - Renewal of license: Continuing education.
NRS 684A.140 - Associate adjuster: Application for license; fee; license; penalty.
NRS 684A.150 - Temporary license as independent adjuster.
NRS 684A.165 - Standards of conduct.
NRS 684A.170 - Place of business; display of license.
NRS 684A.190 - Responsibility for employees.
NRS 684A.200 - Nonresident licensees: Service of process; agreement to appear.
NRS 684A.210 - Suspension, revocation or limitation of or refusal to continue license: Grounds.
NRS 684A.230 - Duration of suspension.
NRS 684A.260 - Reinstatement of license; relicensing; limitations.