NAC680A.110. Conditions.

Insurance companies licensed to do an insurance business in Nevada may merchandise any type of insurance permitted by the Division through any type of vending machine under the following conditions:

     1. All policy forms must be filed with, and approved by, the Commissioner in accordance with the filing procedures for other policy forms.

     2. Reasonable means, as determined by the Commissioner, must be provided for informing the prospective purchaser of the coverage and restrictions of the policy.

     3. The name of the insurer, the location of its home office, the name of the responsible producer of insurance appointed by the insurer and his or her office address, and the serial number of the machine must be clearly displayed on each machine.

     4. Prompt refund of money inserted in a defective machine and for which no insurance, or a lesser amount than paid for, must be provided to the applicant or prospective applicant.

     5. Vending machines must be constructed and operated to retain a copy of the application showing the date of application, name and address of the applicant and of the beneficiary and the amount of insurance afforded by each policy issued.

     6. All machines must be operated under the supervision of a producer of insurance appointed by the insurer issuing the policies.

     7. Vending machines must be constructed and operated to affix the facsimile signature of the producer of insurance appointed by the insurer upon all policies issued therefrom, unless the producer of insurance appointed by the insurer is on the premises and personally countersigns them.

     [Comm’r of Insurance, M-3 1st par. & subpars. 1 through 7, eff. 5-13-72]—(NAC A 5-27-92; R102-09, 1-28-2010)