NRS 683A.241 - Examination for license: Requirement; contents; regulations; contracts for administration; fee; failure to appear.

NV Rev Stat § 683A.241 (2019) (N/A)

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1. A resident natural person applying for a license as a producer of insurance must pass a written examination unless exempt under NRS 683A.291. The examination must test knowledge concerning the lines of authority for which application is made, the duties and responsibilities of a producer and the laws and regulations of this state relating to insurance. The Commissioner shall adopt regulations for developing and conducting examinations required by this section.

2. The Commissioner may contract with a person outside the Division for administering examinations, processing applications, collecting fees and performing any other functions the Commissioner considers appropriate.

3. Each natural person applying for an examination shall pay a nonrefundable fee in an amount prescribed by the Commissioner to defray the cost of processing the application and administering the examination.

4. An applicant who fails to appear for the examination as scheduled or fails to pass the examination must reapply for examination and pay the required fee in order to be scheduled for another examination.

(Added to NRS by 2001, 2192)

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NRS 683A.231 - Licensing of bank.

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NRS 683A.242 - Exemption from examination and educational requirements for producers of limited lines travel insurance and travel retailers. [Effective through December 31, 2019.]