NRS 685A.050 Broker’s report.
144 words·~1 min read·
/nv/chapter-685a-nonadmitted-insurance/685a-050·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 685A.050 Broker’s report.
1. At the time of effecting any surplus lines insurance for which this State is the home state, the broker shall, within 90 days after such insurance is so effected, submit a report, in the form prescribed or accepted by the Commissioner, setting forth facts from which it can be determined whether such insurance is eligible for export under NRS 685A.040 .
2. The broker shall keep in his or her office the report prepared pursuant to subsection 1 along with the report of coverage and any other information the Commissioner requires.
3. The report prepared pursuant to subsection 1 must not be removed from the office of the broker and must be open to examination by the Commissioner or a representative of the Commissioner at all times within 5 years after issuance of the coverage to which it relates.