1. A managing general agent, whether or not located in this state, shall not be or act as such with respect to the business of an insurer in this state unless licensed as such under this Code.
2. A person who acts as a managing general agent in this state without a license may be assessed an administrative fine of not more than $1,000 for each violation.
(Added to NRS by 1971, 1637; A 1997, 3024; 2001, 2203)