686A.350 - Exemptions from requirement of licensing. - Nevada Statutes

686A.350  Exemptions from requirement of licensing.

      1.  A license to engage in the business of a company is not required of any:

      (a) State or federally chartered building association or savings and loan association.

      (b) State or federally chartered bank.

      (c) State or federally chartered credit union.

      (d) Thrift company licensed pursuant to chapter 677 of NRS.

      (e) Insurance agent financing his or her own accounts.

      (f) Insurer authorized to do business in this state financing its own policies or those of an affiliated company.

      (g) Business, in addition to those included in paragraphs (a) to (d), inclusive, which is licensed and regulated by the Division of Financial Institutions of the Department of Business and Industry.

      2.  The provisions of NRS 686A.330 to 686A.520, inclusive, other than those which concern licensing, apply to persons exempt from licensing pursuant to subsection 1.

      (Added to NRS by 1985, 1154; A 1993, 1917)