Financial planner required to maintain insurance for liability or surety bond; exceptions.

  1. Law
  2. Nevada Revised Statutes
  3. Financial Planners
  4. Financial planner required to maintain insurance for liability or surety bond; exceptions.

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1. Except as otherwise provided in subsection 2, a financial planner shall maintain insurance covering liability for errors or omissions, or a surety bond to compensate clients for losses actionable pursuant to this chapter, in an amount of $1,000,000 or more.

2. The provisions of subsection 1 do not apply to:

(a) A broker-dealer or sales representative licensed pursuant to NRS 90.310 or exempt under NRS 90.320; or

(b) An investment adviser licensed pursuant to NRS 90.330 or exempt under NRS 90.340.

(Added to NRS by 1993, 1372; A 2017, 1796)


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