{"data":{"id":"us-nv/nrs-628a.040","jurisdiction":"us-nv","citation":"NRS 628A.040","heading":"Financial planner required to maintain insurance for liability or surety bond; exceptions.","body":"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.\n2. The provisions of subsection 1 do not apply to:\n(a) A broker-dealer or sales representative licensed pursuant to NRS 90.310 or exempt under NRS 90.320; or\n(b) An investment adviser licensed pursuant to NRS 90.330 or exempt under NRS 90.340 or 90.345.","path":["TITLE 54 — PROFESSIONS, OCCUPATIONS AND BUSINESSES","CHAPTER 628A - FINANCIAL PLANNERS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-628A.html#NRS628ASec040","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:44Z","sha256":"14d759323cbc46d39fadaba6a30f5beee048e7917c7c62c7c69476bd5417d18d","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-628a.030","next":"us-nv/nrs-628b.010"},"notice":"GroundRules: Original legal text. Not legal advice."}