Nevada Revised Statutes 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…
1. 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:
Terms Used In Nevada Revised Statutes 691E.240
- 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
(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.