{"data":{"id":"us-nv/nrs-683a.231","jurisdiction":"us-nv","citation":"NRS 683A.231","heading":"Licensing of bank.","body":"1. For the purposes of this section:\n(a) “Affiliate” means a person that directly, or indirectly through one or more intermediaries, is controlled by, or is under common control with, a bank.\n(b) “Bank” means any institution that accepts deposits that the depositor has a legal right to withdraw on demand.\n(c) “Financial holding company” means a bank holding company as defined in section 4(l)(2) of the Bank Holding Company Act of 1956, 12 U.S.C. § 1841(l)(1).\n(d) “Parent” means a person that owns or controls a bank, directly or indirectly, in whole or in part.\n(e) “Subsidiary” means a person owned or controlled by a bank, directly or indirectly, in whole or in part.\n2. A bank may be licensed as a producer of insurance in this state:\n(a) To the extent permitted by Title V of Public Law 106-102, 15 U.S.C. §§ 6801 et seq.; and\n(b) For credit insurance, as defined in NRS 690A.015, and credit property insurance.\n3. A bank must not be licensed or admitted as an insurer.\n4. The provisions of subsection 3 do not prohibit the licensing by the Commissioner of an affiliate, financial holding company, parent or subsidiary of a bank to sell insurance or be admitted as an insurer.","path":["TITLE 57 — INSURANCE","CHAPTER 683A - PERSONS INVOLVED IN SALE OR ADMINISTRATION OF INSURANCE","PRODUCERS OF INSURANCE"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-683A.html#NRS683ASec231","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:46Z","sha256":"9680a630ca7c98952b59342285c5fe6aaf1049c1db309a6e546cc08ce602b9bc","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-683a.221","next":"us-nv/nrs-683a.241"},"notice":"GroundRules: Original legal text. Not legal advice."}