Nevada Administrative Code
Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers
MANAGEMENT AND AGENCY CONTRACTS OF CONTROLLED INSURERS
Section 693A.760 - Notice of relationship between controlling producer and controlled insurer; statement required if business is placed through producer who is not controlling producer
Current through December 12, 2024
1. A controlling producer, before the effective date of a policy of insurance, shall deliver written notice to the prospective insured that discloses the relationship between the controlling producer and the controlled insurer.
2. If a controlling producer places insurance business through a producer who is not a controlling producer, the controlling producer shall retain in his or her records a signed statement from the other producer indicating that the other producer is aware of the relationship between the controlling producer and the controlled insurer and will notify the insured of the relationship.
Added to NAC by Comm'r of Insurance, eff. 6-28-96; A by R094-14, eff. 12/21/2015
NRS 679B.130, 693A.110