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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 697.240. Bail agent: Appointment - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-697-240/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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