679A.130 - “Transacting insurance” defined. - Nevada Statutes

679A.130  “Transacting insurance” defined.  In addition to other aspects of insurance operations to which provisions of this Code by their terms apply, “transact” with respect to a business of insurance includes any of the following, by mail or otherwise or whether or not for the purpose of profit:

      1.  Solicitation or inducement.

      2.  Negotiations.

      3.  Effectuation of a contract of insurance.

      4.  Transaction of matters subsequent to effectuation and arising out of such a contract.

      (Added to NRS by 1971, 1559)