1. Each broker shall keep in his or her office a full and true record of each surplus lines coverage procured by the broker for which this State is the insured’s home state, including a copy of each daily report, if any, a copy of each certificate of insurance issued by the broker, and such of the following items as may be applicable:
(a) The amount of the insurance;
(b) The gross premium charged;
(c) The return premium paid, if any;
(d) The rate of premium charged upon the several items of property;
(e) The effective date of the contract, and the terms thereof;
(f) The name and address of each insurer on the direct risk and the proportion of the entire risk assumed by that insurer if less than the entire risk;
(g) The name and address of the insured;
(h) A brief general description of the property or risk insured and where located or to be performed; and
(i) Any other information as may be required by the Commissioner.
2. The record must not be removed from the office of the broker and must be open to examination by the Commissioner or a representative of the Commissioner at all times within 5 years after issuance of the coverage to which it relates.
(Added to NRS by 1971, 1678; A 1999, 2799; 2011, 2018)
Structure Nevada Revised Statutes
Chapter 685A - Nonadmitted Insurance
NRS 685A.031 - "Broker" defined.
NRS 685A.0315 - "Domestic surplus lines insurer" defined.
NRS 685A.032 - "Exempt commercial purchaser" defined.
NRS 685A.033 - "Export" defined.
NRS 685A.034 - "Home state" defined.
NRS 685A.035 - "Independently procured insurance" defined.
NRS 685A.036 - "Multi-state risk" defined.
NRS 685A.037 - "Nonadmitted insurance" defined.
NRS 685A.0375 - "Nonadmitted insurer" defined.
NRS 685A.038 - "Principal place of business" defined.
NRS 685A.0385 - "Principal residence" defined.
NRS 685A.039 - "Surplus lines insurance" defined.
NRS 685A.040 - Conditions for export.
NRS 685A.050 - Broker’s report.
NRS 685A.060 - Open lines for export.
NRS 685A.070 - Eligible insurers.
NRS 685A.080 - Evidence of insurance; changes; penalty.
NRS 685A.090 - Contracts for nonadmitted coverage: Requirements.
NRS 685A.100 - Coverage from unauthorized insurer valid.
NRS 685A.110 - Liability of insurer.
NRS 685A.140 - Suspension or revocation of broker’s license.
NRS 685A.155 - Broker authorized to charge fee for procuring coverage; maximum amount of fee.
NRS 685A.160 - Records of broker.
NRS 685A.175 - Quarterly report and payment of tax by certain brokers.
NRS 685A.180 - Tax on surplus lines.
NRS 685A.190 - Failure to file statement or pay tax; penalties; statute of limitations.
NRS 685A.200 - Suit against unauthorized insurers; venue; process.
NRS 685A.205 - Regulations: Compliance with federal law relating to nonadmitted insurance.