Section 697.215 - Issuance of nonresident license as bail agent; verification of licensing status; requirement to maintain resident license in home state; termination1. The Commissioner shall issue a nonresident license as a bail agent to a nonresident person if: (a) The person is currently licensed and in good standing as a bail agent in the resident or home state of the person;(b) The person has submitted the proper request for licensure and has paid all fees required pursuant to NRS 680B.010 and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110;(c) The person has submitted or transmitted to the Commissioner the appropriate completed application for licensure; (d) The person satisfies the requirements specified in subsection 2 of NRS 697.150; and(e) The home state of the person awards nonresident licenses as a bail agent to persons of this State on the same basis.2. The Commissioner may verify the licensing status of the nonresident person: (a) Through any appropriate database, including, without limitation, the Producer Database maintained by the National Insurance Producer Registry or its affiliates or subsidiaries;(b) By requesting that the nonresident person submit proof that the nonresident person is licensed and in good standing in the person's home state as a bail agent; or(c) Through any other means the Commissioner determines to be appropriate.3. As a condition to the continuation of a nonresident license as a bail agent, the nonresident bail agent shall maintain a resident license as a bail agent in the home state of the bail agent. A nonresident license as a bail agent issued under this section must be terminated and surrendered immediately to the Commissioner if the resident license as a bail agent in the home state is terminated for any reason, unless: (a) The termination is due to the nonresident bail agent being issued a new resident license as a bail agent in a new home state; and(b) The new resident license as a bail agent is from a state that has reciprocity with this State. 4. The Commissioner shall give notice of the termination of a resident license as a bail agent within 30 days after the date of the termination to any states that issued a nonresident license as a bail agent to the holder of the resident license. If the resident license as a bail agent was terminated because of a change in the home state of the bail agent, the notice must include both the previous and current address of the bail agent.5. The Commissioner shall terminate a nonresident license as a bail agent issued pursuant to this section if the bail agent establishes legal residency in this State and fails to apply for a resident license as a bail agent within 90 days after establishing legal residency.Added to NRS by 2023, 2646Added by 2023, Ch. 429,§39.4, eff. 10/1/2023.