Nev. Rev. Stat. § 683A.325

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 683A.325 - Commissions and compensation

1. Except as otherwise provided in NRS 691D.220 or NRS 691E.270, a producer of insurance who is appointed as an agent may pay a commission or compensation for or on account of the selling, soliciting, procuring or negotiating of insurance in this State only to a licensed and appointed producer of insurance of the insurer with whom insurance was placed or to a licensed producer acting as a broker.

2. A licensee shall not accept any commission or compensation to which the licensee is not entitled pursuant to the provisions of this title.

NRS 683A.325

Added to NRS by 2005, 2121; A 2015, 1203; 2017, 4001; 2023, 3282

Amended by 2023, Ch. 508,§42, eff. 1/1/2024.

Amended by 2017, Ch. 560,§6, eff. 7/1/2017.

Amended by 2015, Ch. 254,§24, eff. 1/1/2016.

Added to NRS by 2005, 2121