LegalFix
Sign In

NRS 695A.330 - Licensing of insurance agents of society; persons exempt from licensing.

NV Rev Stat § 695A.330 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

1. Every insurance agent of a society must be licensed pursuant to chapter 683A of NRS and any regulations adopted by the Commissioner which apply to health and life insurance agents.

2. No written or other examination is required of a person who held a license as an insurance agent on July 1, 1977, for renewals of his or her license.

3. No examination or license is required of:

(a) Any regular salaried officer or employee of a licensed society who devotes substantially all of his or her services to activities other than the solicitation of fraternal insurance contracts from the public, and who does not receive for the solicitation of such contracts any commission or other compensation directly dependent upon the amount of business obtained; or

(b) Any member of the society who does not write insurance contracts, and whose solicitation or negotiation is incidental to securing new members for the society, and whose only remuneration consists of prizes in the form of merchandise or payments of a nominal amount of money.

(Added to NRS by 1971, 1851; A 1977, 693; 1991, 239)

Previous Section
NRS 695A.320 - Suspension, revocation or refusal of license of foreign or alien society.
Next Section
NRS 695A.400 - Service of process on society.