Nevada § 681A.480 Brokers: Conditions for employment; annual statement of financial condition

Nevada Statutes

§ 681A.480 — Brokers: Conditions for employment; annual statement of financial condition

Nevada § 681A.480

Title 57INSURANCE

Ch. 681AKinds

Brokers and Managers

This text of Nevada § 681A.480 (Brokers: Conditions for employment; annual statement of financial condition) 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.480 (2026).

Text

1.An insurer shall not engage the services of any person to act as a broker for reinsurance on its behalf unless the person is licensed pursuant to NRS 681A.430 .

2.An insurer may not employ a person who is employed by a broker for reinsurance with whom it transacts business, unless the broker for reinsurance is under common control with the insurer within the meaning of chapter 692C of NRS.

3.The insurer shall annually obtain a copy of statements of the financial condition of each broker for reinsurance with which it transacts business.

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1. An insurer shall not engage the services of any person to act as a broker for reinsurance on its behalf unless the person is licensed pursuant to NRS 681A.430 .
2. An insurer may not employ a person who is employed by a broker for reinsurance with whom it transacts business, unless the broker for reinsurance is under common control with the insurer within the meaning of chapter 692C of NRS.
3. The insurer shall annually obtain a copy of statements of the financial condition of each broker for reinsurance with which it transacts business.