NAC683A.170. Exemptions.

     1. NAC 683A.170 to 683A.261, inclusive, do not apply to:

     (a) A person applying for a nonresident license.

     (b) A person exempted from the requirement of taking the licensing examination by NRS 683A.291.

     (c) A person who has been employed by an insurer for at least 10 years and has been actively involved in the underwriting of insurance or settling claims.

     (d) A person with at least 10 years’ current experience as a licensed insurance producer. For the purposes of this paragraph, “current” means active employment as a producer of insurance within the last 15 years.

     (e) A person who:

          (1) Pursuant to NAC 683A.325, is subject to the provisions of NAC 683A.318 to 683A.370, inclusive; and

          (2) Successfully completes, within the 12 months immediately preceding his or her application for a license, 30 hours of continuing education in courses approved by the Division pursuant to NAC 683A.318 to 683A.370, inclusive.

     (f) A person who has earned and continues to maintain a designation, for the line of authority of:

          (1) Life insurance, as a:

               (I) Certified employee benefit specialist (CEBS);

               (II) Certified financial planner (CFP);

               (III) Certified insurance counselor (CIC);

               (IV) Chartered financial consultant (ChFC);

               (V) Chartered life underwriter (CLU);

               (VI) Fellow, life management institute (FLMI); and

               (VII) Life underwriter training council fellow (LUTCF);

          (2) Accident and health insurance, as a:

               (I) Certified employee benefit specialist (CEBS);

               (II) Health insurance associate (HIA);

               (III) Registered employee benefits consultant (REBC); and

               (IV) Registered health underwriter (RHU); and

          (3) Casualty insurance, personal lines of insurance or property insurance, as:

               (I) An accredited adviser in insurance (AAI);

               (II) An associate in risk management (ARM);

               (III) A certified insurance counselor (CIC); and

               (IV) A chartered property casualty underwriter (CPCU).

     2. A person claiming exemption from the requirements of NAC 683A.170 to 683A.261, inclusive, pursuant to:

     (a) Paragraph (c) of subsection 1 must submit to the Division:

          (1) A written claim of exemption; and

          (2) Documentation from the insurer by which the person has been employed indicating that he or she has met the requirements of that paragraph.

     (b) Paragraph (d) of subsection 1 must submit to the Division:

          (1) A written claim of exemption; and

          (2) Documentation from the entity by which the person has been licensed indicating that he or she has met the requirements of that paragraph.

     (c) Paragraph (f) of subsection 1 must submit to the Division:

          (1) A written claim of exemption; and

          (2) Documentation from the entity by which the person has been designated indicating that the person has met the requirements of that paragraph.

     (Added to NAC by Comm’r of Insurance, eff. 6-4-86; A 7-22-88, eff. 10-1-88; 2-15-95; R172-01, 7-5-2002; R108-10, 9-14-2012)