684A.155 - Limited license: Commissioner authorized to issue to adjuster licensed in adjoining state; terms; powers. [Effective until the date of the repeal of the federal law requiring each state to
684A.155 Limited license: Commissioner authorized to issue to adjuster licensed in adjoining state; terms; powers. [Effective on the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
1. The Commissioner may issue a limited license to an adjuster licensed in an adjoining state who has contracted with a domestic insurer that has its principal place of business in this state to adjust and pay claims on business written in this state. A limited license issued pursuant to this section is valid for 3 years or the term of the contract between the adjuster and domestic insurer, whichever is shorter.
2. An adjuster who holds a limited license issued pursuant to this section may adjust claims in this state only pursuant to his or her contract with the domestic insurer.
3. A domestic insurer who contracts with an adjuster to whom a limited license has been issued pursuant to this section shall maintain in its principal place of business in this state the records of its closed files upon which the adjuster worked.
4. Notwithstanding the provisions of NRS 684A.170, an adjuster who is issued a limited license pursuant to this section is not required to maintain an office or place of business in this state.
(Added to NRS by 1997, 3027; A 1999, 520, 545, effective on the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings)