A person shall not sell any prepaid contract or accept any money under such a contract unless:
1. The person holds a valid certificate of authority as a seller issued by the Commissioner; and
2. The contract and the sale thereof are in compliance with the provisions of NRS 689.150 to 689.375, inclusive.
(Added to NRS by 1971, 1395; A 1985, 349; 1987, 1261)
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