A life insurance sale in Nevada can involve three roles. A company, the insurer, makes the promise to pay. When a producer is involved, that licensed person helps the buyer get the policy. Not every sale goes through a separately licensed producer: the insurer itself is exempt from producer licensing, although its officers, directors, employees, subsidiaries and affiliates who sell, solicit or negotiate are not. A state official, the Commissioner of Insurance, regulates the insurer and any producer involved. This lesson teaches you to keep those roles separate, to describe an insurance company accurately, and to find the specific rule that governs a regulatory deadline or penalty.
About 40 minutes
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Open lesson →A Nevada insurance license is the state's permission for one specific person or business to do specific kinds of insurance work. It is not a general permit to work in insurance. Holding the right license means matching three things: who you are (a resident, a nonresident, or a business), what you will do (sell life insurance, give paid advice, administer claims), and which lines you are authorized for.
About 41 minutes
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Open lesson →A producer earns trust in two ways. The first is by telling clients the truth about policies and treating them fairly. The second is by handling their money as money that belongs to someone else. Nevada law turns both of these into specific rules.
About 39 minutes
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Open lesson →Nevada has a safety net for some life, health and annuity policyholders. It is called the Nevada Life and Health Insurance Guaranty Association. In this lesson, "the association" means this one.
About 25 minutes
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