1. Each person desiring to solicit or perform the services of an agent in this State must apply to the Superintendent upon forms provided by the Department. The application must include the social security number of the applicant, be accompanied by evidence of the good reputation and character of the applicant, in a form prescribed by the Superintendent, and state the institution which the applicant intends to represent. An agent representing more than one institution must obtain a separate agent’s permit for each institution represented, except that if an agent represents institutions having a common ownership, only one agent’s permit is required with respect to the institutions. If any institution which the applicant intends to represent does not have a license to operate in this State, the application must be accompanied by the information required from an institution that is applying for a license. The application for an agent’s permit must also be accompanied by evidence of the required surety bond or certificate of deposit and payment of the fees required by law.
2. After a review of the application and any further information submitted by the applicant as required by regulations of the Board, and any investigation of the applicant which the Board or Superintendent considers appropriate, the Board shall grant or deny an agent’s permit to the applicant.
3. The agent’s permit must state in a clear and conspicuous manner at least the following information:
(a) The date of issuance, effective date and term of the permit.
(b) The correct name and address of the agent.
(c) The institutions which the agent is authorized to represent.
4. An agent’s permit must not be issued for a term of more than 1 year.
5. At least 30 days before the expiration of an agent’s permit, the agent must complete and file with the Superintendent an application for renewal of the permit. The renewal application must be reviewed and acted upon as provided in this section.
(Added to NRS by 1975, 1504; A 1979, 1624; 1991, 976; 1997, 2052)