Federal Court Overturns Nevada Countersignature Law
Nevada plans to appeal a federal judge's ruling overturning the state's countersignature law that barred out-of-state insurance brokers from doing business in the state without the involvement of an admitted agent.
In his ruling from the bench, Nevada District Court Judge James Mahan said the Nevada countersignature law "was not related to competence," and the law "presumes that someone who is a nonresident is not competent."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.