Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter686A Insurance: Trade Practices and Frauds |
SOLICITATION AND SALE OF LIFE INSURANCE |
Prohibited Acts and Practices Concerning Solicitation of or Sale to Active Duty Service Members |
NAC686A.4925. Engaging in corrupt practice or improper influence or inducement while on military installation.
Latest version.
- An insurer or producer of insurance engages in a corrupt practice, or an improper influence or inducement, which constitutes an unfair or deceptive act or practice in violation of NRS 686A.020 if, while on a military installation, the insurer or producer of insurance:
1. Uses Department of Defense personnel, directly or indirectly, as a representative or agent in any official or business capacity, with or without compensation, with respect to the solicitation or sale of a life insurance product to active duty service members.
2. Uses a producer of insurance to participate in any education or orientation program sponsored by the United States Armed Forces.
(Added to NAC by Comm’r of Insurance by R031-07, 8-31-2007, eff. 9-1-2007)