NAC683A.706. “Client” defined.

Latest version.

“Client” means a natural person, corporation, association, partnership or other legal entity that is a named insured or seeks the advice of a broker about becoming an insured or receiving a quotation. The term does not include a person if the person is only:

1. A participant or beneficiary of an employee benefit plan; or

2. Covered by a group or blanket insurance policy or group annuity contract,

Ê that is sold, solicited or negotiated by the broker or affiliate.

(Added to NAC by Comm’r of Insurance by R009-05, eff. 10-31-2005)—(Substituted in revision for NAC 686A.358)

                    
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