A licensee which proposes to accept deposits shall file with the Commissioner a fidelity bond providing fidelity coverage on each officer, director and employee of at least $100,000. The fidelity bond may be either a banker’s blanket bond or a finance company’s blanket bond, but must be written by an insurer who has been approved by the Commissioner.
NRS 677.170
Fidelity bond
Known as the Nevada Thrift Companies Act
The act spans §§ 677–677 (106 sections).
(Added to NRS by 1975, 1830; A 1977, 1045; 1983, 1605, 1637, 1817; 1985, 2196, 2197; 1987, 1998)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.