Public-domain · open source
OpenJurist

NRS 685A.050

Broker’s report

Known as the Nonadmitted Insurance Law

The act spans §§ 685–685 (41 sections).

(Added to NRS by 1971, 1674; A 1987, 1149; 2011, 2013)

1. At the time of effecting any surplus lines insurance for which this State is the home state, the broker shall, within 90 days after such insurance is so effected, submit a report, in the form prescribed or accepted by the Commissioner, setting forth facts from which it can be determined whether such insurance is eligible for export under NRS 685A.040.

2. The broker shall keep in his or her office the report prepared pursuant to subsection 1 along with the report of coverage and any other information the Commissioner requires.

3. The report prepared pursuant to subsection 1 must not be removed from the office of the broker and must be open to examination by the Commissioner or a representative of the Commissioner at all times within 5 years after issuance of the coverage to which it relates.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.