Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 691E.240 - License or registration required to act as travel administrator; responsibilities and duties of insurer with respect to travel administrator; travel administrator required to make certain books and records available to Commissioner1. Notwithstanding any other provision of this title, a person shall not act or represent himself or herself as a travel administrator in this State unless the person holds a: (a) License as a producer of insurance issued by the Commissioner pursuant to NRS 683A.261 or 683A.271 for a line of authority specified in paragraph (c) or (d) of subsection 1 of NRS 683A.261;(b) License as a managing general agent issued by the Commissioner pursuant to NRS 683A.160; or (c) Certificate of registration as an administrator issued by the Commissioner pursuant to NRS 683A.08524.2. An insurer is responsible for: (a) The acts of a travel administrator administering travel insurance underwritten by the insurer; and(b) Ensuring that the travel administrator maintains all books and records relevant to the insurer.3. A travel administrator shall make available to the Commissioner upon request the books and records described in paragraph (b) of subsection 2.Added to NRS by 2023, 3277Added by 2023, Ch. 508,§34, eff. 1/1/2024.