How to Renew the Service Contract Provider Certificate 

No later than 60 days prior to expiration, in addition to all applicable fees, an executive officer of the provider must submit a completed application for the renewal of registration. Each renewal application must be verified for accuracy by an executive officer of the provider or, if there is no executive officer, by a controlling officer. All supporting documentation must be submitted with the application. An applicant must upload documents for any application background question for which the answer is “Yes."

All forms and contracts must be submitted via SERFF. Please see the Filing Information page for more detail.

Note: These documents must not be used in the course of business until they have been approved by the Division.

The following must be submitted via Sircon:

• The completed renewal application for a certificate of registration; 
• Confirmation of Financial Security;
• If the applicant uses a contractual liability insurance policy, a copy of the policy should be attached to the application form. Policies older than 1 year require a letter from the insurance company stating the policy is active and in effect.
• If the applicant uses a Funded Reserve Account and Security Deposit, a copy of the Nevada bank statement clearly identified as “(Provider’s Name) Nevada Service Contracts Funded Reserve Account” should be attached to the application form. The reserve account must contain at all times an amount of money equal to at least 40 percent of the unearned gross consideration received by the provider for any unexpired service contracts. Additionally, the provider shall also deposit with the Commissioner security in an amount that is equal to $25,000 or 10 percent of the unearned gross consideration received by the provider for any unexpired service contracts, whichever is greater. If the provider chooses to deposit cash for the $25,000 security deposit, it must complete the Incoming Funds Deposit Notification form. Please contact ifn@doi.nv.gov for this form. Proof of the security amount deposited with the Commissioner should also be attached to the application form.
• If the applicant maintains or is a subsidiary of a parent company that maintains a net worth or stockholders’ equity of at least $100,000,000, a copy of the most recent Form 10-K, 20-F, or audited financial statements should be attached.

• Financial Security Calculation Workbook 

• A notarized affidavit signed by the executive or controlling officer;
• A current list of any controlling persons;
• Administrator name and contact information (if applicable); and
• The following information for each controlling person, if not previously submitted or if changed from the previous year:
• Whether the person, in the last 10 years, has been:
• Convicted of a felony or misdemeanor of which an essential element is fraud;
• Insolvent or adjudged bankrupt;
• Refused a license or registration as a service contract provider or had an existing license or registration as a service contract provider suspended or revoked by any state or governmental agency or authority; or
• Fined by any state or governmental agency or authority in any matter regarding service contracts; and
• Whether there are any pending criminal actions against the person other than moving traffic violations.   

Failure to Timely Renew

There is no grace period for renewal. If a provider fails to timely renew, the certificate of registration will expire.

Certificate

A certificate of registration to act as a service contract provider must be obtained prior to offering, selling or issuing a service contract. This certificate is only available to business entities. Each certificate is valid for two years after the date of issuance and must be renewed prior to expiration. Once the certificate has been issued or renewed, it will be available on the Division’s website under Verify a License. First ensure that the registration has been approved, and then print your certificate through Sircon’s website. Click the Print a License button and follow the directions on the webpage. A fee to print the certificate may apply.