Nev. Rev. Stat. § 685A.155

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 685A.155 - Broker authorized to charge fee for procuring coverage; maximum amount of fee

The licensed surplus lines broker who is first engaged by or on behalf of an applicant for insurance may charge a fee for procuring surplus lines coverage. Except as otherwise provided by agreement between the insurer and that broker, the sum of the fee and any other commissions, fees and charges payable to that broker must not exceed 20 percent of the premium paid by the insured.

NRS 685A.155

Added to NRS by 1987, 1149; A 2017, 4002; 2019, 1704
Amended by 2019, Ch. 295,§26.5, eff. 10/1/2019.
Amended by 2017, Ch. 560,§8, eff. 7/1/2017.
Added to NRS by 1987, 1149