Nevada Revised Statutes 683C.050 – Requirements for partnership or corporation licensed as insurance consultant
Current as of: 2023 | Check for updates
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A partnership or corporation licensed as an insurance consultant must require a license of each natural person who is authorized to act for the corporation or partnership. Each natural person must be named in the partnership’s or corporation’s license and qualify as an individual licensee.
Terms Used In Nevada Revised Statutes 683C.050
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- insurance consultant: means a person who, for a fee, holds himself or herself out to the public as engaged in the business of offering advice, counsel, opinion or service with respect to the benefits, advantages or disadvantages promised pursuant to any policy of insurance that could be issued in this State. See Nevada Revised Statutes 683C.010
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039