Nevada Property & Casualty Insurance License Exam — All Questions
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2 questions
Nevada Licensing & CE
After a producer is licensed in Nevada, what must occur before they can transact business for a particular insurer?
- a.Nothing further once the license is issued
- b.The insurer must appoint the producer and file the appointment with the Nevada Division of Insurance✓
- c.The producer must post a surety bond with the state treasurer
- d.The producer must relocate to the insurer's home state
A license lets a person act as a producer, but to represent a specific company the insurer must appoint the producer and file the appointment with the Division of Insurance. A producer may hold appointments from several insurers at once.
Nevada Licensing & CE
Which statement best describes continuing education (CE) for resident P&C producers in Nevada?
- a.No CE is ever required
- b.CE is required only in the first year and never again
- c.State-approved CE, including an ethics component, must be completed each renewal period to keep the license active✓
- d.CE can only be met by retaking the licensing exam
Following the NAIC model, Nevada requires resident producers to complete approved continuing education each renewal cycle, including an ethics portion, and to pay the renewal fee. Exact hour totals are set by the Division of Insurance and should be confirmed before renewal.