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Independent or Public Adjuster

Independent or Public Adjuster Business Entity Requirements and Checklist

All Business Entities:

“Business entity” refers to a Corporations, Limited Liability Companies, Limited Liability Partnerships and Associations or other legal form of organization. A business entity that is required to be licensed in this state who transacts insurance without a license is subject to an administrative fine of not more than $1000 per act or violation.

Name Approval:

Applicants must contact the Division of Insurance (Division) for a verbal name approval prior to completing any articles of incorporation, articles of organization or amendments with the Secretary of State’s (SOS) office or prior to filing any DBA/Fictitious Firm Name filings with the appropriate Nevada County Clerk’s office.

Division Phone: (775) 687-0700

Division General E-mail

Corporations, Limited Liability Companies, Limited Liability Partnerships and Associations, etc.:

Contact the Nevada Secretary of State (SOS) to obtain forms, instructions and applicable fees.

Phone: (775) 684-5708

Web site: www.nvsos.gov

Articles of Incorporation (Articles) Purpose Clause:

Business entities who’s purpose is to engage in the business of insurance are required to file with the SOS and must include the following statement within the purpose clause of the entity’s Articles of Incorporation:

“To engage in the business of insurance in all lines of authority permitted under the license issued in compliance with Nevada Revised Statutes (NRS) and Nevada Administrative Codes (NAC).”

The articles or amendment must be forwarded to the Division prior to being filed with the SOS by either of the following methods:

  1. Mail the Articles or amendment to the Division’s address with the fee for the SOS in a separate sealed envelope labeled “Secretary of State” or “SOS.”
  2. Fax the Articles or amendment to the Division’s office. Upon approval of the Articles or amendment, the Division will fax the information to the fax number provided by the applicant for filing with the SOS. The Division’s fax number is (775) 687-0787.

Upon the Division’s approval of the Articles or amendment, the Division will forward its approval to the SOS for its consideration. When the SOS completes its review and approval process, the business entity will be required to furnish a filed copy of the approved Articles or amendment.

Sole-Proprietorships:

Sole proprietors must file a DBA/Fictitious Firm Name with each county clerk’s office where they intend to conduct business. A copy of the filing must be provided to the Division along with the licensing application. Contact the appropriate County Clerk’s office for filing instructions. Refer to Chapter 602 of NRS for information on doing business under an assumed or fictitious name.

Streamlining the application process:

In an ongoing effort to streamline the licensing process, the Division has implemented and encourages the use of its new electronic functionality. The new services are efficient, generally paper free, and can expedite the licensing process including the capability of the applicant being able to print their own license online once the license has been approved by the Division. Applicants may apply electronically utilizing Sircon or National Insurance Producer Registry (NIPR). Additionally, please utilize the Division’s new online Nevada License Look Up Tool to check the status of an application or verify an existing license.

Uniform Application for Business Entity, Form 325:

Download the National Association of Insurance Commissioner’s (NAIC) Uniform Business Entity Application, Form 325. A licensed entity may utilize the Business Entity Modification Form, Form 325A, to amend its current license qualifications.

The licensing fee is $195

Fees are payable by check or money order to the Nevada Division of Insurance, and are nonrefundable.

Articles/Amendments, DBA/Fictitious Firm Name Filings:

The applicant must provide a filed copy of the Articles of Incorporation, Articles of Organization and any Amendment to be filed with the Nevada Secretary of State. Sole-Proprietors must attach a copy of the Fictitious Firm Name filing form that is filed with the County Clerk’s office.

Independent, Associate or Public Adjuster Licensing Prohibitions:

Pursuant to Nevada Revised Statute (NRS) Chapter 684A, a person is not entitled to receive, renew or hold a license as an adjuster if he has been convicted of, or plea of guilty, guilty but mentally ill or nolo contendere.

Uniform Application for Individual Insurance Producer License, Form 327:

Resident or Nonresident individuals who are not currently licensed in Nevada must submit the Uniform Application for Individual Insurance Producer License application, Form 327. The licensing fee is $255 ($195 plus $60 for the agency affiliation).

Associate Adjuster Qualification:

As associate adjuster must be 18 years of age. An associate adjuster is named to the license of a resident adjuster. There is no exam requirement for an associate adjuster. An associate adjuster may be either a resident or nonresident.

Independent or Public Adjuster qualifications:

The adjuster must be a resident of Nevada for at least 90 days prior to the submission of the license application. An adjuster must be 18 years of age and have 2 years recent (within the past five years) experience handling and adjusting claims. The adjuster must take and pass the Property & Casualty exam

Independent or Public Adjuster Information for the State Insurance Examination:

A applicant for a resident adjuster license must take and successfully pass the state insurance exam administered through the Nevada Division of Insurance (Division) insurance exam vendor, Pearson VUE (formerly known as Promissor), in the line(s) of authority for which the applicant is applying. The original Prelicensing Education Certificate of Completion and the original Pearson VUE test examination score reports must be provided with the application.

Residents Requirements for Criminal History Search, Form 324:

All individuals applying for a resident license with the Division must furnish a complete set of fingerprints which the Commissioner may forward to the Central Repository for Nevada Records of Criminal History and the Federal Bureau of Investigation.

Applicants must pay the applicable processing and agency fee for this service. Applicants may have their fingerprints taken by a law enforcement agency or authorized vendor. The applicant must submit the fingerprint cards to the Division along with a completed license application. A money order or cashier’s check in the amount of $37.50, made payable to the Department of Public Safety (DPS), must accompany the fingerprint cards.

LiveScan Digital Fingerprinting services are also available through Pearson VUE. Applicants may register to have their fingerprints taken at the same time they register for the state exam. The LiveScan fingerprinting fee is $37.50 plus the vendor’s processing fee. Applicants will be provided a receipt which indicates the date the fingerprints were submitted to the Nevada Criminal History Records Repository. The applicants must provide the receipt in place of the physical fingerprint cards when applying for a license.

NRS 686A.225 Certain insurers to retain adjuster who resides in this state.

  1. Except as otherwise provided in NRS 684A.060, any insurer who:
    • Transacts property, casualty or surety insurance in this state; and
    • Retains an adjuster to investigate and settle any claim arising under an insurance contract, shall retain an adjuster who resides in this state.
  2. As used in this section, “adjuster” has the meaning ascribed to it in NRS 684A.020.

Questions:

 

Contact the Division’s Producer Licensing Section in Carson City at (775) 687-0700, option 1, in Las Vegas at (702) 486-4595 or anywhere in Nevada toll free at (800) 992-0900.

Title 57 of the Nevada Revised Statutes (NRS) governs the business of insurance.