Question

Every insurance administrator must file a surety bond with the commissioner which is writtten for an amount of at least?

Answer 1

Not less than $100,000.

Step-by-step explanation:

No person may act as an administrator, or hold themselves out to the public as an administrator, unless they have obtained a certificate of registration as an administrator from the Commissioner and filed a bond issued by an authorized surety in favor of the State of Nevada, continuous in form, and in an amount determined by the Commissioner of not less than $100,000.