Nevada · statute · Nev. Rev. Stat. ch. 684A · 41 active provisions
This chapter applies to adjusters only as defined in NRS 684A.020, and does not apply to any person who adjusts or settles claims relating to life or health coverage or annuities. This chapter may be cited as the Nevada Insurance Adjusters Law.
As used in this Code, unless the context otherwise requires, the words and terms defined in NRS 684A.020 to 684A.034, inclusive, have the meanings ascribed to them in those sections.
1. Except as otherwise provided in subsection 2, “adjuster” means any person who, for compensation, including, without limitation, a fee or commission, investigates and settles, and reports to his or her principal relative to, claims: (a) Arising under insurance contracts for property, casualty or surety coverage, incl…
“Automated claims adjudication system” means a preprogrammed computer system which: 1. Is designed for the collection, data entry, calculation and final resolution of claims arising under an insurance contract for portable electronic insurance coverage; 2. Is used by a licensed adjuster, licensed agent or person superv…
“Business entity” means a corporation, association, partnership, limited-liability company, limited-liability partnership or other legal entity.
“Catastrophe” means an event that: 1. Results in large numbers of deaths or injuries, causes extensive damage or destruction of facilities that provide and sustain human needs, produces an overwhelming demand on state and local response resources and mechanisms, causes a severe, long-term effect on general economic act…
“Home state” means: 1. The District of Columbia or any state or territory of the United States in which an independent, company, staff or public adjuster maintains his, her or its principal place of residence or principal place of business and is licensed to act as a resident independent, company, staff or public adjus…
1. “Independent adjuster” means an adjuster who is representing the interests of an insurer or a self-insurer and who: (a) Contracts for compensation with the insurer or self-insurer as an independent contractor or an employee of an independent contractor; (b) Is treated for tax purposes by the insurer or self-insurer…
“Person” means an individual or business entity.
“Uniform Business Entity Application” means the current version of the Uniform Application for Business Entity License/Registration for resident and nonresident business entities published by the National Association of Insurance Commissioners.
“Uniform Individual Application” means the current version of the Uniform Application for Individual Producer License/Registration for resident and nonresident individuals published by the National Association of Insurance Commissioners.
1. The provisions of NRS 683A.341 and 686A.310 apply to adjusters. 2. For the purposes of subsection 1, unless the context requires that a section apply only to producers of insurance or insurers, any reference in those sections to “producer of insurance” or “insurer” must be replaced by a reference to “adjuster.”
1. Except as otherwise provided in NRS 684A.060, no person may act as, or hold himself or herself out to be, an adjuster in this State unless then licensed as such under the applicable adjuster’s license issued under the provisions of this chapter. 2. Any person violating the provisions of this section is guilty of a g…
1. The Commissioner may license an individual as an independent adjuster, a public adjuster, a company adjuster or a staff adjuster. No individual shall be licensed concurrently under the same license or separate licenses as more than one such type of adjuster. 2. A company adjuster and a staff adjuster shall pay the s…
No person who is engaged in the business of repairing the bodies of automobiles may: 1. Be licensed pursuant to this chapter. 2. Own a controlling interest in a business entity licensed pursuant to NRS 684A.080.
1. On behalf of, as authorized by, an insurer as to which he or she is licensed as an agent under chapter 683A of NRS, an agent may from time to time act as an adjuster without a license as an adjuster; but no such agent shall act as an adjuster for an insurer with which the agent has a contract providing for compensat…
1. For the protection of the people of this State, the Commissioner may not issue or continue any license as an adjuster except in compliance with the provisions of this chapter. Any person for whom a license is issued or continued must: (a) Be at least 18 years of age; (b) Be eligible to declare this State as his or h…
1. Any business entity to whom a license is issued or renewed must: (a) Be eligible to declare this State as its home state; (b) Designate a natural person who is a licensed adjuster and who is authorized to transact business on behalf of the business entity to be responsible for the compliance of the business entity w…
1. The applicant for a license as an adjuster shall file a written application therefor with the Commissioner on forms prescribed and furnished by the Commissioner. As part of, or in connection with, the application the applicant shall furnish information as to his or her identity, personal history, experience, financi…
Each person who intends to apply for a license as an adjuster must, before applying for the license, personally take and pass to the Commissioner’s satisfaction a written examination testing the applicant’s qualifications and competence to act as an adjuster and his or her knowledge of pertinent provisions of this Code…
1. An adjuster whose license expires is exempt from retaking the examination required by NRS 684A.100 if: (a) The adjuster: (1) Is not a resident of this State; (2) Has passed an examination to become licensed as an adjuster in the person’s home state; and (3) Is currently licensed and in good standing in the person’s…
1. If the Commissioner finds that the application is complete, that the applicant has passed all required examinations and is otherwise eligible and qualified for the license as an adjuster, the Commissioner shall promptly issue the license. If the Commissioner refuses to issue the license, the Commissioner shall promp…
1. The Commissioner shall issue a nonresident license as an adjuster to a nonresident person if: (a) The person is currently licensed in good standing as an adjuster in the resident or home state of the person; (b) The person has submitted the proper request for licensure and has paid the fees required pursuant to NRS…
1. The Commissioner shall prescribe the form of the adjuster license, which shall state: (a) The licensee’s name, business address and a personal identification number; (b) The classification of the license, whether as an independent adjuster, a public adjuster, a company adjuster or a staff adjuster; (c) Date of issua…
1. Each license issued or renewed under this chapter continues in force for 3 years unless it is suspended, revoked or otherwise terminated. A license may be renewed upon payment of all applicable fees for renewal to the Commissioner, completion of any other requirement for renewal of the license specified in this chap…