NAC679B.824. “Licensee” defined.

Latest version.

     1. “Licensee” means all:

     (a) Authorized insurers;

     (b) Licensed producers; and

     (c) Other persons who, pursuant to the insurance laws of this State, are:

          (1) Licensed, authorized or registered, except pursuant to chapter 690C of NRS; or

          (2) Required to be licensed, authorized or registered.

     2. The term includes an unauthorized insurer that accepts business placed through a surplus lines broker who is licensed in this State, but only with regard to the placement of surplus lines pursuant to chapter 685A of NRS.

     3. The term does not include service contract providers or persons licensed pursuant to chapter 690C of NRS.

(Added to NAC by Comm’r of Insurance by R130-01, eff. 12-17-2002)

                    
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