Nevada Revised Statutes 683C.080 – Association with and compensation from certain persons who sell insurance prohibited
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A licensed insurance consultant shall not employ, be employed by or be in partnership with, or receive any remuneration arising out of his or her activities as an insurance consultant from, any licensed producer of insurance or surplus lines broker or insurer.
Terms Used In Nevada Revised Statutes 683C.080
- 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.