NAC683A.460. Licensing and bonding; maintenance of policy for errors and omissions.

Latest version.

A managing general agent:

1. Shall not represent an insurer in this State unless he or she holds a license issued by this State as a producer of insurance.

2. Shall maintain a bond for $50,000 and may maintain a policy that covers any errors and omissions of the managing general agent.

(Added to NAC by Comm’r of Insurance, eff. 9-19-90; A by R172-01, 7-5-2002)

                    
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