Disclosure of financial interest required; agent or broker who submits or performs services in connection with agreement prohibited from receiving compensation.

  1. Law
  2. Nevada Revised Statutes
  3. Trade Practices and Frauds; Financing of Premiums
  4. Disclosure of financial interest required; agent or broker who submits or performs services in connection with agreement prohibited from receiving compensation.

Checkout our iOS App for a better way to browser and research.

1. Any licensed resident or nonresident agent or broker who has any financial interest in a company, other than in submitting agreements through the company, shall disclose to the insured, in the manner prescribed by the Commissioner, his or her interest in the company.

2. A licensed resident or nonresident agent or broker who submits any agreement shall not accept any compensation for arranging, directing or performing services in connection with the agreement. A company shall not pay or offer to pay any compensation to a licensed resident or nonresident agent or broker who submits an agreement to the company.

(Added to NRS by 1985, 1158; A 1993, 2397)


Download our app to see the most-to-date content.