Appointment Requirements:
A business entity contracted with an insurer must be appointed within 15 days after the contract is executed or within 15 days of the Nevada nonresident license being issued.
The date of issuance will be available on the NAIC Producer Database. The appointment must include the lines of authority applied for. Electronic or paper appointments are accepted. Appointment fee is $15.00 and will renew annually.
Designated individual:
Each individual transacting Nevada risk on behalf of a business entity must be affiliated to the business entity. The affiliation process may be accomplished at the time of application. The affiliation fee is $60. Affiliations, and terminations may be submitted through the Division's Online Association Maintenance available on the Division's Web site at www.doi.nv.gov, online processing fees may apply.
Organization Documents:
Corporations, Limited Liability Companies, Limited Liability Partnerships and Associations must contact the Nevada Secretary of State at (775) 684-5708 or at http://www.sos.state.nv.us for any filings they may require.
Surety:
In Nevada the Surety line of authority is not included in the Property and Casualty line of authority, it is considered a Major Line. On the paper NAIC Uniform application, you can check the Surety box under Limited Lines of Authority or you can write it in under the Major Lines of Authority. |