Nevada Administrative Code (Last Updated: January 6, 2015)

NAC692A.080. Appointment of title agents.

Latest version.

     1. A title insurer which transacts its business directly in this State shall appoint a natural person who is licensed as a title agent to manage each of its main locations in this State. The insurer shall authorize him or her to appoint other title agents and to employ escrow officers to act on behalf of the insurer in this State.

     2. A licensed title agent which is a firm or corporation and is appointed by a title insurer to transact its business in this State may authorize a natural person to act as a title agent for the firm or corporation if:

     (a) That person complies with the provisions of NAC 692A.030, 692A.040 and 692A.060; and

     (b) The underwriting agreement between the title insurer and the firm or corporation permits such an authorization of a natural person.

(Added to NAC by Comm’r of Insurance, eff. 6-23-86)

                    
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