Nevada § 681A.440 Circumstances under which Commissioner is authorized to refuse to issue license

Nevada Statutes

§ 681A.440 — Circumstances under which Commissioner is authorized to refuse to issue license

Nevada § 681A.440

Title 57INSURANCE

Ch. 681AKinds

Brokers and Managers

This text of Nevada § 681A.440 (Circumstances under which Commissioner is authorized to refuse to issue license) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 681A.440 (2026).

Text

1. The Commissioner may refuse to issue a license to act as an intermediary if, in the judgment of the Commissioner:

(a)The applicant, anyone named on the application, or any member, principal, officer or director of the applicant, is not trustworthy to act as an intermediary;

(b)Any controlling person of the applicant is not trustworthy to act as an intermediary;

(c)The applicant, a person named on the application, any member, principal, officer or director of the applicant or any controlling person of the applicant has given cause for the revocation or suspension of a license to act as an intermediary; or

(d)The applicant, a person named on the application, any member, principal, officer or director of the applicant or any controlling person of the applicant has failed to comply with

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1. The Commissioner may refuse to issue a license to act as an intermediary if, in the judgment of the Commissioner:
(a) The applicant, anyone named on the application, or any member, principal, officer or director of the applicant, is not trustworthy to act as an intermediary;
(b) Any controlling person of the applicant is not trustworthy to act as an intermediary;
(c) The applicant, a person named on the application, any member, principal, officer or director of the applicant or any controlling person of the applicant has given cause for the revocation or suspension of a license to act as an intermediary; or
(d) The applicant, a person named on the application, any member, principal, officer or director of the applicant or any controlling person of the applicant has failed to comply with any prerequisite for the issuance of a license to act as an intermediary.
2. Upon receipt of a written request, the Commissioner shall furnish a summary of the basis for his or her refusal to issue a license to act as an intermediary. Except as otherwise provided in NRS 239.0115 , the summary is confidential.