684A.060 - Exceptions to requirement of licensing: Agents; catastrophes. - Nevada Statutes

684A.060  Exceptions to requirement of licensing: Agents; catastrophes.

      1.  On behalf of, as authorized by, an insurer as to which he or she is licensed as an agent under chapter 683A of NRS, an agent may from time to time act as an adjuster without a license as an adjuster; but no such agent shall act as an adjuster for an insurer with which the agent has a contract providing for compensation retrospectively contingent upon losses incurred under insurance sold or serviced by the agent.

      2.  No license shall be required of a nonresident salaried adjuster or independent adjuster for the adjustment in this state of one or more losses arising out of a catastrophe common to all such losses where such losses are designated to be a catastrophe by responsible insurance associations or the Commissioner.

      (Added to NRS by 1971, 1662)