NAC683A.704. “Broker” defined.

Latest version.

     1. Except as otherwise provided in subsection 2, “broker” has the meaning ascribed to it in NRS 683A.321.

     2. The term does not include a producer of insurance acting as:

     (a) An intermediary between an insurer and a client’s broker, including, without limitation, a managing general agent or wholesale broker; or

     (b) A reinsurance intermediary. As used in this paragraph, “intermediary” has the meaning ascribed to it in NRS 681A.330.

(Added to NAC by Comm’r of Insurance by R009-05, eff. 10-31-2005)—(Substituted in revision for NAC 686A.356)

                    
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