Producer Responsibilities (NV-L)

What is the best definition of a fiduciary?

Insurance producers are fiduciaries for

Any person who diverts or appropriates such fiduciary money to his or her own use is guilty of 

A licensee who does not make immediate remittance of the money to the insurer, can remit received premiums, less applicable commissions, if any, and return premiums to the insurer within 

If within 30 days after the contractual due date of any premium received by a producer of insurance or a surplus lines broker, the producer of insurance or surplus lines broker fails to remit the premium to the insurer or agency to whom it is owing, the insurer or agency, as the case may be, shall promptly report the failure

Which statement is FALSE?

A licensee shall inform the Commissioner of each change of business, residence or electronic mail address, in writing or by other means acceptable to the Commissioner, within

An applicant for a license as a producer of insurance or a licensee who desires to use a name other than his or her true name as shown on the license

Which statement is FALSE about record keeping?

Every producer of insurance shall keep complete records of transactions under his or her license, and these records must be kept for at least