License to offer, sell, solicit or negotiate personal property storage insurance: Issuance by Commissioner; requirements for issuance and renewal; coverage; exception from licensure for owner displaying and making available marketing and promotional materials. [Effective July 1, 2020.]

  1. Law
  2. Nevada Revised Statutes
  3. Persons Involved in Sale or Administration of Insurance
  4. License to offer, sell, solicit or negotiate personal property storage insurance: Issuance by Commissioner; requirements for issuance and renewal; coverage; exception from licensure for owner displaying and making available marketing and promotional materials. [Effective July 1, 2020.]

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1. The Commissioner may issue to an owner who is in compliance with the requirements of NRS 683A.181 to 683A.189, inclusive, and any regulations adopted pursuant thereto, a license to offer, sell, solicit or negotiate personal property storage insurance pursuant to NRS 683A.181 to 683A.189, inclusive, to occupants who have entered into a rental agreement with the owner.

2. Notwithstanding the provisions of NRS 683A.185, a license for personal property storage insurance may be issued and renewed pursuant to NRS 683A.261.

3. A license issued pursuant to this section covers all facilities at which the owner conducts business. The Commissioner may renew the license if the licensee remains in compliance with the requirements of NRS 683A.181 to 683A.189, inclusive, and any regulations adopted pursuant thereto.

4. An owner is not required to be licensed under this chapter solely to display and make available marketing and promotional materials created by an authorized insurer offering a product pursuant to NRS 683A.181 to 683A.189, inclusive.

(Added to NRS by 2019, 1221, effective July 1, 2020)


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