Section 681A.420 - Limitations and requirements1. A person shall not act as a broker for reinsurance for a domestic insurer or reinsurer unless the person is:(a) A licensed producer in this state; or(b) Licensed as a nonresident intermediary for reinsurance in this state.2. A person shall not act as a broker for reinsurance for a foreign or alien insurer or reinsurer if the person maintains an office, directly or as a member or employee of a firm or association or as an officer, director or employee of a corporation in this state, unless the person is:(a) A licensed producer in this state; or(b) Licensed as a nonresident intermediary for reinsurance in this state.3. A person shall not act as a manager for reinsurance for a domestic insurer or reinsurer unless the person is: (a) A licensed producer in this state; or(b) Licensed as a nonresident manager for reinsurance in this state.4. A person shall not act as a manager for reinsurance for any foreign or alien insurer or reinsurer if the person maintains an office, directly or as a member or employee of a firm or association or as an officer, director or employee of a corporation in this state, unless the person is:(a) A licensed producer in this state; or(b) Licensed as a nonresident manager for reinsurance in this state.5. A manager for reinsurance shall:(a) File a bond which complies with NRS 679B.175 and is in an amount that is acceptable to the Commissioner for the protection of the reinsurer; and(b) Maintain a policy covering errors and omissions in an amount that is acceptable to the Commissioner.Added to NRS by 1995, 1761; A 2003, 3286; 2021, 2958Amended by 2021, Ch. 478,§7, eff. 10/1/2021.Added to NRS by 1995, 1761; A 2003, 3286