NRS 691D.200 License required to sell or offer portable electronics insurance; contents of application; maintenance of schedule of business locations by licensee required.
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NRS 691D.200 License required to sell or offer portable electronics insurance; contents of application; maintenance of schedule of business locations by licensee required.
1. A vendor shall not sell or offer coverage under a policy of portable electronics insurance unless the vendor holds a license as a producer of insurance in portable electronics insurance as a limited line issued by the Commissioner pursuant to NRS 683A.261 or 683A.271 .
2. In addition to the information required pursuant to NRS 683A.251 , an application for a license as a producer of insurance in portable electronics insurance must include:
(a)A schedule which identifies each location at which the vendor does business; and
(b)The physical address of the home office of the vendor.
3. A natural person who is designated by a vendor pursuant to paragraph
(b)of subsection 2 of NRS 683A.251 is not required to be a principal, officer or employee of the vendor.
4. A vendor who is licensed as a producer of insurance in portable electronics insurance shall maintain the schedule described in paragraph
(a)of subsection 2 and make the schedule available for inspection by the Commissioner upon request.