NRS 697.240 - Appointment of bail agents.

NV Rev Stat § 697.240 (2019) (N/A)

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1. Each insurer appointing a bail agent shall file with the Commissioner a written appointment and pay the applicable fee for the appointment.

2. Each appointment remains in effect until the bail agent’s license is revoked or otherwise terminated, or there is an earlier termination of the appointment.

3. No insurer may appoint a bail agent whose contingent liability exceeds an amount equal to 10 times his or her reserve account unless the appointment is first approved by the Commissioner.

(Added to NRS by 1971, 1912; A 1979, 1402; 1981, 1811)

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NRS 697.230 - Expiration and renewal of license. [Effective on the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

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NRS 697.250 - Termination of appointment.

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