1. An application for a license to engage in the business of a company must be filed with the Commissioner on a form prescribed by the Commissioner and must include:
(a) A nonrefundable fee for application and for investigation of the applicant of $500 and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110;
(b) A surety bond which complies with NRS 679B.175 and is in an amount determined by the Commissioner;
(c) A current certified financial statement or another financial statement if individually approved by the Commissioner;
(d) An appointment of the Commissioner and the successors in office of the Commissioner as the applicant’s attorney to receive service of process; and
(e) If the applicant is a corporation, a copy of its articles of incorporation.
2. The applicant shall provide the Commissioner with any material change concerning information contained in the application within 10 days after the change occurs.
(Added to NRS by 1985, 1154; A 1991, 1629; 1993, 2395; 2009, 1783; 2021, 2969)
Structure Nevada Revised Statutes
Chapter 686A - Trade Practices and Frauds; Financing of Premiums
NRS 686A.020 - Unfair methods of competition and unfair or deceptive acts or practices prohibited.
NRS 686A.030 - Misrepresentation and false or misleading advertising of policies prohibited.
NRS 686A.040 - False, deceptive or misleading information and advertising prohibited.
NRS 686A.050 - "Twisting" prohibited.
NRS 686A.060 - Replacement of life insurance: Statements required to be given to policyholder.
NRS 686A.100 - Life insurance, annuities and health insurance: Unfair discrimination prohibited.
NRS 686A.140 - Violations concerning rebates and inducements: Penalties; effect.
NRS 686A.160 - Enforcement: Prohibited methods, acts or practices.
NRS 686A.170 - Enforcement: Undefined practices.
NRS 686A.180 - Service of process upon unauthorized insurers.
NRS 686A.185 - Review and finality of Commissioner’s orders.
NRS 686A.187 - Penalties for violating cease and desist order.
NRS 686A.190 - Interlocking ownership or management; serving as director of competing insurers.
NRS 686A.200 - Plan or transaction involving favored agent or insurer prohibited; exception.
NRS 686A.210 - Service and processing charges prohibited.
NRS 686A.240 - Favoritism to groups prohibited; exceptions.
NRS 686A.260 - Revocation or suspension of license for violation of laws of other state.
NRS 686A.270 - Knowledge of insurer of prohibited acts required for violation.
NRS 686A.2815 - "Insurance fraud" defined.
NRS 686A.282 - "Investigative or law enforcement agency" defined.
NRS 686A.291 - Criminal penalty for insurance fraud.
NRS 686A.310 - Unfair practices in settling claims; liability of insurer for damages.
NRS 686A.335 - Applicability of chapter 696B of NRS.
NRS 686A.340 - Engaging in business of company without license prohibited; exception.
NRS 686A.350 - Exemptions from requirement of licensing.
NRS 686A.380 - Renewal of license.
NRS 686A.390 - Approval of forms.
NRS 686A.400 - Records: Maintenance; form of preservation; open to Commissioner.
NRS 686A.410 - Examination of company by Commissioner.
NRS 686A.420 - Contents of agreement.
NRS 686A.430 - Furnishing of completed copy of agreement to insured.
NRS 686A.440 - Interest; service charge; prepayment.
NRS 686A.470 - Return of unearned premium and commission.
NRS 686A.520 - Applicability of other provisions.
NRS 686A.610 - "Adverse action" defined.
NRS 686A.620 - "Affiliate" defined.
NRS 686A.630 - "Consumer credit report" defined.
NRS 686A.640 - "Consumer reporting agency" defined.
NRS 686A.650 - "Credit information" defined.
NRS 686A.660 - "Insurance score" defined.
NRS 686A.680 - Consumer credit reports: Uses; limitations.
NRS 686A.690 - Reunderwriting or rerating of insured; refund of premium.
NRS 686A.700 - Disclosure of use of credit information.
NRS 686A.710 - Notice requirements after taking adverse action.
NRS 686A.720 - Indemnification of agent by insurer.
NRS 686A.730 - Consumer reporting agencies: Prohibitions; exemptions.