Nev. Admin. Code § 686A.550

Current through October 11, 2024

Section 686A.550 - Duties of agents

Each agent shall on each application for life insurance:

1. Indicate on the application in the appropriate space, whether or not an existing policy will be replaced.

2. Where a replacement is involved:

(a) Present the notice to the applicant;

(b) Sign the notice, obtain the applicant's signature on a copy of the notice and furnish a copy to the applicant; and

(c) Retain a copy of the notice and copies of any sales proposals for at least 3 years after signing the notice.

Nev. Admin. Code § 686A.550

Comm'r of Insurance, LH-3 § 14, eff. 1-4-80-NAC A 10-26-84

NRS 679B.130, 686A.015