Nevada Personal Lines Insurance License Exam — All Questions

Which agency issues resident personal lines insurance producer licenses in Nevada?

• a.Nevada Division of Insurance✓
• b.Nevada Department of Motor Vehicles
• c.Nevada Insurance Commission
• d.Nevada Secretary of State

The insurance regulator in Nevada is the Nevada Division of Insurance, part of the Department of Business and Industry and led by the Commissioner of Insurance. It issues and renews producer licenses and enforces the state insurance code. Source: Nevada Division of Insurance (https://doi.nv.gov/).

After a producer is licensed in Nevada, what generally must occur before he or she can transact business for a specific insurer?

• a.Nothing further — the license alone authorizes sales for any insurer
• b.The insurer must appoint the producer, and that appointment is filed with the Nevada Division of Insurance✓
• c.The producer must post a personal surety bond with the state treasurer
• d.The producer must complete a probationary sales quota

A license lets a person act as a producer, but to represent a particular company that insurer must appoint the producer, with the appointment filed with the Nevada Division of Insurance. A producer may hold appointments from several insurers at once. This mirrors the NAIC producer-licensing model Nevada follows.

Which statement about continuing education (CE) for resident personal lines producers in Nevada is correct?

• a.Resident producers must complete state-approved CE each renewal cycle to keep the license active; confirm the exact hours and ethics requirement with the Nevada Division of Insurance✓
• b.CE is optional and only recommended for new producers
• c.CE is required once, in the first year, and never again
• d.Passing the licensing exam permanently exempts a producer from all CE

Like other states, Nevada requires resident producers to complete approved continuing education every renewal cycle, typically including an ethics component, before renewing. Because specific hour totals change, verify the current CE requirement directly with the Nevada Division of Insurance (https://doi.nv.gov/).