Financial planner required to maintain insurance for liability or surety bond; exceptions.

Nev. Rev. Stat. § 628A.040
in effect
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1. Except as otherwise provided in subsection 2, a financial planner shall maintain insurance covering liability for errors or omissions, or a surety bond to compensate clients for losses actionable pursuant to this chapter, in an amount of $1,000,000 or more. 2. The provisions of subsection 1 do not apply to: (a) A broker-dealer or sales representative licensed pursuant to NRS 90.310 or exempt under NRS 90.320 ; or (b) An investment adviser licensed pursuant to NRS 90.330 or exempt under NRS 90.340 or 90.345 .
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-628A.htmlFetched: 10/4/2026

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