NAC683A.221. Subject matter of courses; hours of instruction.

A course must consist of at least 5 hours of instruction in the classroom, or the equivalent in a self-study course approved by the Division pursuant to NAC 683A.211, in the provisions of title 57 of NRS and the regulations adopted pursuant to those provisions, at least one-half of which must cover the laws and regulations common to all lines of insurance, and:

     1. For a course in life insurance, at least 15 hours of instruction in the classroom or the equivalent in a self-study course approved pursuant to NAC 683A.211, covering:

     (a) Principles and concepts of insurance in general;

     (b) Basic principles and concepts of life insurance;

     (c) The contract for life insurance and provisions of the policy;

     (d) Classifications and types of life insurance;

     (e) Annuities;

     (f) The ethical responsibilities of the producer;

     (g) The organization of the business of life insurance; and

     (h) Regulation by the government.

     2. For a course in accident and health insurance, at least 15 hours of instruction in the classroom or the equivalent in a self-study course approved pursuant to NAC 683A.211, covering:

     (a) Principles and concepts of insurance in general;

     (b) Basic principles and concepts of accident and health insurance;

     (c) The contract for accident and health insurance and provisions of the policy;

     (d) Accident and health insurance offered by private companies;

     (e) Accident and health insurance offered by a governmental entity;

     (f) Types of policies and coverage for accident and health insurance;

     (g) Group insurance and plans of special insurance;

     (h) The ethical responsibilities of the producer; and

     (i) Regulation by the government.

     3. For a course in property insurance, at least 15 hours of instruction in the classroom or the equivalent in a self-study course approved pursuant to NAC 683A.211, covering:

     (a) Principles and concepts of insurance in general;

     (b) Basic principles and concepts of property and casualty insurance;

     (c) The contract for property insurance and provisions of the policy;

     (d) Types of policies and coverage for property insurance;

     (e) The ethical responsibilities of the producer;

     (f) The organization of the business of property insurance; and

     (g) Regulation by the government.

     4. For a course in casualty insurance, at least 15 hours of instruction in the classroom or the equivalent in a self-study course approved pursuant to NAC 683A.211, covering:

     (a) Principles and concepts of insurance in general;

     (b) Basic principles and concepts of property and casualty insurance;

     (c) The contract for casualty insurance and provisions of the policy;

     (d) Insurance to protect against liability;

     (e) Automobile insurance;

     (f) Workers’ compensation and employers’ liability insurance;

     (g) Fidelity insurance, surety bonds and other types of casualty insurance;

     (h) The ethical responsibilities of the producer;

     (i) The organization of the business of casualty insurance; and

     (j) Regulation by the government.

     5. For a course in a combination of life and health insurance or property and casualty insurance, at least 35 hours of instruction in the classroom or the equivalent in a self-study course approved pursuant to NAC 683A.211, covering all the subjects required for each of those separate lines of insurance.

     6. For a course in a combination of life and health insurance and property and casualty insurance, at least 75 hours of instruction in the classroom or the equivalent in a self-study course approved pursuant to NAC 683A.211, covering the subjects required for each of those separate lines of insurance.

     7. For a course in personal lines insurance, at least 15 hours of instruction in the classroom or the equivalent in a self-study course approved pursuant to NAC 683A.211, covering the subjects of property and casualty dealing with personal lines insurance.

     8. For a course in a combination of life and health insurance, property and casualty insurance and personal lines insurance, at least 95 hours of instruction in the classroom or the equivalent in a self-study course approved pursuant to NAC 683A.211, covering the subjects required for each of those separate lines of insurance.

     (Added to NAC by Comm’r of Insurance, eff. 6-4-86; A by R172-01, 7-5-2002; R161-08, 9-18-2008)