1. The Commissioner shall issue a nonresident license as an adjuster to a nonresident person if:
(a) The person is currently licensed in good standing as an adjuster in the resident or home state of the person;
(b) The person has submitted the proper request for licensure and has paid the fees required pursuant to NRS 680B.010 and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110;
(c) The person has submitted or transmitted to the Commissioner the appropriate completed application for licensure; and
(d) The home state of the person awards nonresident licenses as an adjuster to persons of this State on the same basis.
2. The Commissioner may verify the licensing status of the nonresident person through any appropriate database, including, without limitation, the Producer Database maintained by the National Insurance Producer Registry, its affiliates or subsidiaries, or may request that the nonresident person submit proof that the nonresident person is licensed and in good standing in the person’s home state as an adjuster.
3. As a condition to the continuation of a nonresident license as an adjuster, the nonresident adjuster shall maintain a resident license as an adjuster in the home state of the adjuster. A nonresident license as an adjuster issued under this section shall be terminated and must be surrendered immediately to the Commissioner if the resident license as an adjuster in the home state is terminated for any reason, unless:
(a) The termination is due to the nonresident adjuster being issued a new resident license as an adjuster in a new home state; and
(b) The new resident license as an adjuster is from a state that has reciprocity with this State.
4. The Commissioner shall give notice of the termination of a resident license as an adjuster within 30 days after the date of the termination to any states that issued a nonresident license as an adjuster to the holder of the resident license. If the resident license as an adjuster was terminated due to a change in the home state of the adjuster, the notice must include both the previous and current address of the adjuster.
5. The Commissioner shall terminate a nonresident license as an adjuster issued pursuant to this section if the adjuster establishes legal residency in this State and fails to apply for a resident license as an adjuster within 90 days after establishing legal residency.
(Added to NRS by 2017, 166)
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