Qualifications for license for natural person; waiver of residency requirement; denial, suspension, revocation of or limitation on license for committing certain crime.
1. For the protection of the people of this state, the Commissioner may not issue or continue any license as an adjuster except in compliance with the provisions of this chapter. Any person for whom a license is issued or continued must:
(a) Be at least 18 years of age;
(b) Except as otherwise provided in subsection 2, be a resident of this state, and have resided therein for at least 90 days before his application for the license;
(c) Be competent, trustworthy, financially responsible and of good reputation;
(d) Never have been convicted of, or entered a plea of guilty or nolo contendere to, forgery, embezzlement, obtaining money under false pretenses, larceny, extortion, conspiracy to defraud or any crime involving moral turpitude;
(e) Have had at least 2 years’ recent experience with respect to the handling of loss claims of sufficient character reasonably to enable him to fulfill the responsibilities of an adjuster;
(f) Pass all examinations required under this chapter; and
(g) Not be concurrently licensed as an agent, broker, solicitor or surplus lines broker, except as a bail agent.
2. The Commissioner may waive the residency requirement set forth in paragraph (b) of subsection 1 if the applicant is:
(a) An adjuster licensed under the laws of another state who has been brought to this state by a firm or corporation with whom he is employed that is licensed as an adjuster in this state to fill a vacancy in the firm or corporation in this state;
(b) An adjuster licensed in an adjoining state whose principal place of business is located within 50 miles from the boundary of this state; or
(c) An adjuster who is applying for a limited license pursuant to NRS 684A.155.
3. A conviction of, or plea of guilty or nolo contendere by, an applicant or licensee for any crime listed in paragraph (d) of subsection 1 is a sufficient ground for the Commissioner to deny a license to the applicant, or to suspend, revoke or limit the license of an adjuster pursuant to NRS 684A.210.
Last modified: February 27, 2006