Nevada § 628A.040 - Financial planner required to maintain insurance for liability or surety bond; exceptions
Full text of Nevada Nevada Revised Statutes § 628A.040 — Financial planner required to maintain insurance for liability or surety bond; exceptions, with citation guidance and answers to common questions.
§ 628A.040. Financial planner required to maintain insurance for liability or surety bond; exceptions
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 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 628A.040
What does Nevada Revised Statutes § 628A.040 cover?
Section 628A.040 ("Financial planner required to maintain insurance for liability or surety bond; exceptions") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 628A.040?
A common citation format is "Nevada Revised Statutes § 628A.040" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 628A.040 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.