Suspension or revocation of broker’s license.
1. In addition to other grounds therefor, the Commissioner may suspend or revoke any surplus lines broker’s license:
(a) If the broker fails to file the annual statement or to remit the tax as required by NRS 685A.170 and 685A.180;
(b) If the broker fails to maintain an office in this state or in the state where he was issued a license as a resident broker, or to keep the records, or to allow the Commissioner to examine his records as required by this chapter, or if he removes his records from the state; or
(c) If the broker places a surplus lines coverage in an insurer other than as authorized under this chapter.
2. Upon suspending or revoking the broker’s surplus lines license the Commissioner may also suspend or revoke all other licenses of or as to the same individual under this Code.
Last modified: February 27, 2006