This chapter applies to adjusters only as defined in NRS 684A.020, and does not apply to any person who adjusts or settles claims relating to life or health coverage or annuities. This chapter may be cited as the Nevada Insurance Adjusters Law. (Added to NRS by 1971, 1661; A 1981, 270)
As used in this Code, unless the context otherwise requires, the words and terms defined in NRS 684A.020 to 684A.034, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2011, 3362; A 2017, 167)
1. Except as otherwise provided in subsection 2, “adjuster” means any person who, for compensation, including, without limitation, a fee or commission, investigates and settles, and reports to his or her principal relative to, claims: (a) Arising under insurance contracts for property, casualty or surety coverage, including, without limitation, workers’ compensation coverage, on behalf solely […]
“Automated claims adjudication system” means a preprogrammed computer system which: 1. Is designed for the collection, data entry, calculation and final resolution of claims arising under an insurance contract for portable electronic insurance coverage; 2. Is used by a licensed adjuster, licensed agent or person supervised by a licensed adjuster or licensed agent; and 3. […]
“Business entity” means a corporation, association, partnership, limited-liability company, limited-liability partnership or other legal entity. (Added to NRS by 2017, 165)
“Catastrophe” means an event that: 1. Results in large numbers of deaths or injuries, causes extensive damage or destruction of facilities that provide and sustain human needs, produces an overwhelming demand on state and local response resources and mechanisms, causes a severe, long-term effect on general economic activity or severely affects state, local and private […]
“Home state” means: 1. The District of Columbia or any state or territory of the United States in which an independent, company, staff or public adjuster maintains his, her or its principal place of residence or principal place of business and is licensed to act as a resident independent, company, staff or public adjuster; or […]
1. “Independent adjuster” means an adjuster who is representing the interests of an insurer or a self-insurer and who: (a) Contracts for compensation with the insurer or self-insurer as an independent contractor or an employee of an independent contractor; (b) Is treated for tax purposes by the insurer or self-insurer in a manner consistent with […]
“Person” means an individual or business entity. (Added to NRS by 2017, 165)
“Uniform Business Entity Application” means the current version of the Uniform Application for Business Entity License/Registration for resident and nonresident business entities published by the National Association of Insurance Commissioners. (Added to NRS by 2017, 165)
“Uniform Individual Application” means the current version of the Uniform Application for Individual Producer License/Registration for resident and nonresident individuals published by the National Association of Insurance Commissioners. (Added to NRS by 2017, 165)
1. The provisions of NRS 683A.341 and 686A.310 apply to adjusters. 2. For the purposes of subsection 1, unless the context requires that a section apply only to producers of insurance or insurers, any reference in those sections to “producer of insurance” or “insurer” must be replaced by a reference to “adjuster.” (Added to NRS […]
1. Except as otherwise provided in NRS 684A.060, no person may act as, or hold himself or herself out to be, an adjuster in this State unless then licensed as such under the applicable adjuster’s license issued under the provisions of this chapter. 2. Any person violating the provisions of this section is guilty of […]
1. The Commissioner may license an individual as an independent adjuster, a public adjuster, a company adjuster or a staff adjuster. No individual shall be licensed concurrently under the same license or separate licenses as more than one such type of adjuster. 2. A company adjuster and a staff adjuster shall pay the same fees […]
No person who is engaged in the business of repairing the bodies of automobiles may: 1. Be licensed pursuant to this chapter. 2. Own a controlling interest in a business entity licensed pursuant to NRS 684A.080. (Added to NRS by 1985, 484; A 2017, 169)
1. On behalf of, as authorized by, an insurer as to which he or she is licensed as an agent under chapter 683A of NRS, an agent may from time to time act as an adjuster without a license as an adjuster; but no such agent shall act as an adjuster for an insurer with […]
1. For the protection of the people of this State, the Commissioner may not issue or continue any license as an adjuster except in compliance with the provisions of this chapter. Any person for whom a license is issued or continued must: (a) Be at least 18 years of age; (b) Be eligible to declare […]
1. Any business entity to whom a license is issued or renewed must: (a) Be eligible to declare this State as its home state; (b) Designate a licensed adjuster to be responsible for the compliance of the business entity with the insurance laws, rules and regulations of this State; and (c) Never have committed any […]
1. The applicant for a license as an adjuster shall file a written application therefor with the Commissioner on forms prescribed and furnished by the Commissioner. As part of, or in connection with, the application, the applicant shall furnish information as to his or her identity, personal history, experience, financial responsibility, business record and other […]
Each person who intends to apply for a license as an adjuster must, before applying for the license, personally take and pass to the Commissioner’s satisfaction a written examination testing the applicant’s qualifications and competence to act as an adjuster and his or her knowledge of pertinent provisions of this Code unless: 1. The person: […]
