Section 691D.220 - Employee or authorized representative of licensee authorized to sell or offer portable electronics insurance without license under certain circumstances; restrictions; compensation1. Notwithstanding any other provision of law, an employee or authorized representative of a vendor that holds a license as a producer of insurance in portable electronics insurance issued by the Commissioner pursuant to 683A.261 or 683A.271 may, without a license issued by the Commissioner, sell or offer coverage under a policy of portable electronics insurance at any location at which the vendor does business if: (a) The employee or authorized representative of the vendor sells or offers coverage under a policy of portable electronics insurance only on behalf of, and under the supervision of, the vendor; and(b) Before the employee or authorized representative of the vendor sells or offers coverage under a policy of portable electronics insurance, he or she completes a program of training provided by the vendor pursuant to 691D.300.2. An employee or authorized representative of a vendor who sells or offers coverage under a policy of portable electronics insurance pursuant to this section shall not advertise, represent or otherwise hold himself or herself out as a licensed producer of insurance unless the person is licensed as a producer of insurance.3. An employee or authorized representative of a vendor who offers to a customer coverage under a policy of portable electronics insurance pursuant to this section and enrolls the customer under the policy may receive from the vendor compensation that is: (a) Incidental to the overall compensation received by the employee or authorized representative of the vendor; and(b) Relating to the offering of the coverage and the enrolling of the customer under the policy of portable electronics insurance.Added to NRS by 2011, 2024; A 2017, 4005Amended by 2017, Ch. 560,§12, eff. 7/1/2017.Added to NRS by 2011, 2024