Nev. Rev. Stat. § 628A.040

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

Section 628A.040 - Financial planner required to maintain insurance for liability or surety bond; exceptions

1. Except as otherwise provided in subsection 2, a financial planner shall maintain insurance covering liability for errors or omissions, or a surety bond to compensate clients for losses actionable pursuant to this chapter, in an amount of $1,000,000 or more.

2. The provisions of subsection 1 do not apply to:

(a) A broker-dealer or sales representative licensed pursuant to NRS 90.310 or exempt under NRS 90.320; or

(b) An investment adviser licensed pursuant to NRS 90.330 or exempt under NRS 90.340 or 90.345.

NRS 628A.040

Added to NRS by 1993, 1372; A 2017, 1796; 2021, 249

Amended by 2021, Ch. 60,§9, eff. 7/1/2022.

Amended by 2017, Ch. 322,§1.3, eff. 7/1/2017.

Added to NRS by 1993, 1372