Statute 628a 040

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. (Added to NRS by 1993, 1372; A 2017, 1796; 2021, 249)