NAC692A.050. Licenses: Firm or corporation licensed only as title agent.

     1. A firm or corporation may be licensed only as a title agent.

     2. The application of a firm or corporation for a license as a title agent must include:

     (a) The information required for a natural person;

     (b) The names of all its members, officers and directors; and

     (c) The name of each natural person who is authorized to act for the firm or corporation pursuant to the license.

     3. A firm or corporation which does business in more than one location in this State will be issued only one license. The firm or corporation must obtain from the Division a copy of its license for each location.

     4. Each general partner of and each natural person authorized to act for the firm or corporation must be named in the application for the license or registered with the Commissioner and must submit to the Division the same information and fees as required of a person applying for a license. If a natural person who is authorized to act for a firm or corporation wishes to be licensed in an individual capacity, he or she must obtain a separate license in his or her own name.

     5. A firm or corporation shall promptly notify the Commissioner in writing within 10 days of all changes among its members, directors and officers and other persons designated on or registered with the Commissioner.

     (Added to NAC by Comm’r of Insurance, eff. 6-23-86; A 5-27-92)