683C.020 - License required; exceptions; penalty. - Nevada Statutes

683C.020  License required; exceptions; penalty.

      1.  Except as otherwise provided in subsection 2, no person may engage in the business of an insurance consultant unless a license has been issued to the person by the Commissioner.

      2.  An insurance consultant’s license is not required for:

      (a) An attorney licensed to practice law in this State who is acting in his or her professional capacity;

      (b) A licensed insurance agent, broker or surplus lines broker;

      (c) A trust officer of a bank who is acting in the normal course of his or her employment; or

      (d) An actuary or a certified public accountant who provides information, recommendations, advice or services in his or her professional capacity.

      3.  A person required to be licensed in this State who acts as an insurance consultant without a license is subject to an administrative fine of not more than $1,000 for each act or violation.

      (Added to NRS by 1995, 1610; A 2003, 3297)