683A.325 - Commissions and compensation. - Nevada Statutes

683A.325  Commissions and compensation.

      1.  A producer of insurance who is appointed as an agent may pay a commission or compensation for or on account of the selling, soliciting, procuring or negotiating of insurance in this State only to a licensed and appointed producer of insurance of the insurer with whom insurance was placed or to a licensed producer acting as a broker.

      2.  A licensee shall not accept any commission or compensation to which the licensee is not entitled pursuant to the provisions of this title.

      (Added to NRS by 2005, 2121)