Publication Date
2023-06-28
effective date
2024-07-01
jurisdiction
Nevada Making Changes Related to Travel License Requirements
Effective July 1, 2024, Nevada will add that limited lines travel insurance producers, travel retailers, and the travel retailer's employees or authorized representatives will be subject to Section 2.2 of 2023 NV A.B. 7(NS) for Residents and Non Residents.
The limited lines travel insurance producer and each travel retailer, or travel retailer's employee or authorized representative, who offers and disseminates travel insurance under the producer's license will be subject to:  a.   disciplinary action provisions in NV ST 683A.451 through NV ST 683A.520;  b.   corrective action and fine provisions in Section 2.2 of 2023 NV A.B. 7(NS); and  c.   unfair trade practices and fraud provisions in Insurance Title 57, Chapter 686A.
AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.
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This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
Licensing