The Nevada Property Producer License
Property is exam code 03, "NV Property," and one of three routes into property authority in Nevada. Code 06 is the combined Property and Casualty paper; code 55, Personal Lines, is a narrower noncommercial authority rather than a subset of the combined one. Choosing between them is a decision to make before booking, because moving from the narrow authority to the broad one means another examination.
The Nevada content on this paper has a distinctive shape: a lot of it is what Nevada does not have. There is no standard fire policy statute - no 165-line form, no prescribed wording, nothing in NRS chapter 691A that prescribes a form at all. There is no valued policy law. And there is no property FAIR plan. In each case a candidate trained on a national outline arrives expecting a rule and has to know that Nevada answers the question a different way.
What Nevada substitutes is general rather than specific. Form control is the ordinary filing and approval requirement at NRS 687B.120. Valuation is whatever the policy's own clause provides, policed by the unfair claims regulations at NAC 686A.660 to 686A.680. And hard-to-place property goes to the surplus lines market rather than to a residual pool, which is why the surplus lines rules matter more to a Nevada property producer than they do in a FAIR-plan state.
The Nevada Property Exam
Exam code 03, 2 hours, $37. Two printed outlines feed it: Property general knowledge at "50 scored plus 5 pretest questions" and Property Nevada-specific at "32 scored plus 5 pretest questions." That is 82 scored and 10 pretest, 92 items, and about 78 seconds an item across all of them - the second-tightest pace of any Nevada producer paper, behind Personal Lines.
Those totals are sums, not quotations. The handbook prints the exam table, the time limits and the fees, and no question counts at all. The content outlines print counts per section, and no time limits and no exam-level total. Adding the sections is the only way to get a paper-level figure, and this site does it on a consistent all-items basis so the pacing numbers mean the same thing from line to line.
| Route | Code | Scored | Pretest | Time | Fee | Authority |
|---|---|---|---|---|---|---|
| Property alone | 03 | 82 | 10 | 2 hours | $37 | Property |
| Casualty alone | 04 | 89 | 10 | 2 hours 15 minutes | $37 | Casualty |
| Property and Casualty combined | 06 | 141 | 15 | 3 hours 35 minutes | $47 | Both |
| Personal Lines | 55 | 100 | 7 | 2 hours 15 minutes | $37 | Noncommercial only |
The three-way choice is genuine and the arithmetic is not obvious. Two single papers cost $74 and take four hours fifteen across two appointments for 171 scored questions. The combined paper costs $47 and takes three hours thirty-five for 141. Personal Lines is neither route - it is a different, narrower line of authority with the largest general-knowledge outline of any Nevada single-line paper at 75 scored questions and the smallest state outline at 25.
Passing is a scaled 70 under NAC 683A.270, and the same regulation carries the rule that catches people out later: the examination "must have been successfully completed within 1 year immediately preceding the date of application for the license."
Most Tested Topics on the Nevada Property Exam
Thirty-two scored questions come from Nevada law, and an unusual number of them are answered by establishing that the rule a national outline teaches does not exist here.
| Concept | The Nevada rule | Where it lives |
|---|---|---|
| Does Nevada prescribe a standard fire policy? | NO. No 165-line form and no prescribed wording. Chapter 691A holds five sections and none prescribes a form; NRS 687B.140 is a generic referral rule; the real control is the general form filing requirement | 691A; 687B.120; 687B.140 |
| Does Nevada have a valued policy law? | NO. Nothing requires payment of the face amount on a total loss by fire. Settlement follows the policy's own valuation clause | NRS ch. 691A |
| The manufactured-home rule that looks like one | An OFFER of replacement-value coverage on total loss for certain manufactured or mobile homes - one class, offer-only, replacement cost rather than face amount | 691A.020 |
| Wildfire, new for 2026 | An insurer "may exclude the peril of wildfire" from a property policy, and may also "issue a policy of property insurance that solely covers the peril of wildfire" | 691A.035 |
| Is there a FAIR plan? | No property FAIR plan. What Nevada has is a general residual power exercisable by the Commissioner after a hearing, plus the Nevada Essential Insurance Association | 686B.180(1); 686B.210 |
| Participation in a residual plan | COMPULSORY for insurers doing business in the covered kinds and for the agents licensed to represent them | 686B.180(3) |
| Acknowledging a claim | 20 WORKING days after receipt of the claim notice, unless payment is made within that time | NAC 686A.665(1) |
| Beginning the investigation | 20 WORKING days, and within the same period the claimant must be told what items, statements and forms will be required | NAC 686A.670(1) |
| Completing the investigation | 30 PLAIN days - the unit changes - "unless the investigation cannot reasonably be completed within that time" | NAC 686A.670(2) |
| Accepting or denying after proofs of loss | 30 WORKING days, and if more time is needed, notice within the same 30 working days and then "30 days after the date of the initial notification and every 30 days thereafter" | NAC 686A.675(1), (3) |
| The undisputed portion of a disputed claim | Must be paid; health insurance claims are the exception | NAC 686A.675(7) |
| The statute running alongside the regulations | 30 days to approve or deny, 30 more to pay, notice within 20 days if more is needed and every 30 days after, with interest at the NRS 99.040 rate | 690B.012 |
| Surplus lines: what it takes to hold the licence | Licensed here "as a producer of insurance for general lines for at least 6 months," plus competence, trustworthiness, fees and an EXAMINATION. The licence runs 3 years | 685A.120 |
| How diligent effort is proved | No number of declinations appears anywhere. The test is the qualitative "after diligent effort has been made," proved by a report filed within 90 days that "must not be removed from the office of the broker" and stays open to examination for 5 years | 685A.040; 685A.050 |
| Surplus lines premium tax | 3.5 percent - and it takes two statutes: the surplus lines chapter charges "the same rate of tax as imposed by law on the premiums of similar coverages written by authorized insurers," and that cross-reference lands on the 3.5 percent in the revenue chapter | 685A.180; 680B.027(1) |
| Is there a stamping fee? | Membership of the brokers' association is MANDATORY as "a condition of continued licensure," and it may charge a Commissioner-approved filing fee - but no percentage or dollar amount appears in the NRS | 685A.075 |
| A ceiling on the broker's own charge | 20 percent. The first broker's fee "and any other commissions, fees and charges payable to that broker must not exceed 20 percent of the premium paid by the insured" | 685A.155 |
The claim-handling rows are the ones to drill, because Nevada changes the unit mid-scheme and defines nothing. "Days" is not a defined term anywhere in NAC chapter 686A - the definitions run from 686A.610 to 686A.650 and cover agent, claimant, first-party claimant, insurance policy, insurer, investigation, notice of claim and third-party claimant, and not days. So the regulations simply say "working days" where they mean working days and "days" where they do not, and both appear inside a single subsection: NAC 686A.675(3) requires notice within 30 WORKING days and then further notice "30 days after the date of the initial notification and every 30 days thereafter." Never state a Nevada claim deadline without its unit.
The surplus lines rows reward reading the cross-reference rather than stopping at the chapter. A candidate looking for Nevada's surplus lines tax rate in chapter 685A will not find a number, because 685A.180 sets the rate by pointing at what admitted insurers pay - which is 3.5 percent under NRS 680B.027(1). The same habit answers the stamping-fee question the other way: NRS 685A.075 makes association membership a condition of licensure and authorises a filing fee, and then declines to set one, so any percentage attributed to the Nevada statute is invented.
Nevada Test Centers and Scheduling
Start with the honest part. The candidate handbook says "a list of test centers appears on the back cover of this handbook" and tells candidates to "contact Pearson VUE to confirm specific locations." That back cover could not be extracted from the PDF for this edition of the guide, so no city list is published here. The list exists, it is authoritative, and it is on the last page of the handbook - use that or the vendor's live locator, and treat any third-party list of Nevada test centres as unverified, because centres open and close and nobody outside the vendor knows when.
What is worth more than a list anyway is the booking mechanics, because that is where Nevada candidates actually lose money.
Booking. Reservations are made through Pearson VUE, and the vendor's Nevada page notes that "appointments may be made up to one calendar day prior" to the test date - so a same-week booking is normal rather than exceptional. The fee is paid at reservation, by credit card, debit card or voucher, and the handbook states that "the examination fee (as detailed on the back cover) must be paid at the time of reservation by credit card, debit card, or voucher," that "fees will not be accepted at the test center," and that examination fees "are nonrefundable and nontransferable, except as detailed in Change/Cancel Policy."
Changing or cancelling: 48 hours, and the penalty is total. "Candidates should call (800) 274-2609 at least forty-eight (48) hours before the examination to change or cancel a reservation." With proper notice the fee either transfers to a new reservation or is refunded - credit and debit card refunds are immediate, voucher refunds take "two to three (2-3) weeks." Without proper notice, candidates "will forfeit the examination fee." There is no partial forfeit and no rebooking credit: $37 gone, or $47 on a combined paper.
Arriving. "Candidates should report to the test center at least thirty (30) minutes before the examination begins to complete registration." That is not a courtesy margin - it is the check-in window, and Nevada's identification rule takes time to work through.
Identification: two forms, and the name must match exactly. "Candidates must present two (2) forms of current signature identification. The name on the identification must exactly match the name on the registration." The primary must be government-issued and carry both a photograph and a signature - driver's licence, passport, military ID, state ID card, learner's permit or passport card. The secondary needs a signature and can be a Social Security card, a debit or credit card, or anything acceptable as a primary. And "identification must be in English." A recently married candidate who booked in one name and carries identification in another has a problem that cannot be solved at the desk.
The tutorial. A computer tutorial is offered, and "the time spent on this tutorial will not reduce the examination time." The handbook prints no duration for it, so no minute figure is published here - take it, because it costs you nothing from the two hours.
Results. Nevada is a print-on-the-spot state: "candidates will leave the test center with their official scores in hand." A failing candidate gets a score report and must retake the entire examination. The Personal Lines guide covers what the score report does and does not tell you.
Test centre or home? Both are available for Nevada, and the decision has a hard edge to it: remote testing is capped at two attempts per exam, after which every further attempt is at a centre. Test-centre attempts carry no published cap. If you are travelling a long way to a centre the remote route is attractive; if you expect a hard sitting, the two remote attempts are worth conserving. The Accident and Health guide owns the remote route in detail.
Nevada Property License Fees
$37 for code 03 and $185 for the licence - $125 at NRS 680B.010(5) plus $60 at NRS 680C.110(4)(d). Adding a line later is $50, and NIPR adds $5.50 to whatever you file through it.
If you are heading for full property and casualty authority, the combined paper is the better buy on every axis: $47 against $74, three hours thirty-five against four hours fifteen, and 141 scored questions against 171 - all on one $185 application. The trade is that a single failure costs both lines.
The surplus lines licence is the property producer's second cost, and it is not immediate. NRS 685A.120 requires six months as a licensed general lines producer in Nevada before it can issue, plus a further examination. Nevada also prices what a surplus lines broker may take from the transaction: NRS 685A.155 caps the first broker's fee and "any other commissions, fees and charges payable to that broker" at 20 percent of the premium paid by the insured, unless the insurer and broker agree otherwise.
Running costs on the surplus side are a tax and a membership rather than a fee schedule. The premium tax is 3.5 percent, payable quarterly by the broker. Association membership is a condition of continued licensure under NRS 685A.075, and the association may charge a Commissioner-approved filing fee for coverage review - an amount the statute does not fix, so it is not published here.
Nevada Property License Eligibility
The four findings at NRS 683A.251(1) govern: 18 years old; no act that is a ground for refusal, suspension or revocation; all applicable fees paid, "which may not be refunded"; and the examinations passed for the lines applied for unless exempt. No education element appears among them. The Life guide covers the fourteen disciplinary grounds behind paragraph (b) and the Casualty guide covers the fingerprint step.
What a property licence does not by itself let you do is place business with a nonadmitted insurer. That needs the separate surplus lines licence at NRS 685A.120, and the prerequisite is a waiting period rather than a designation: "licensed by this State as a producer of insurance for general lines for at least 6 months," or a live surplus lines licence in another state. A newly licensed Nevada property producer is therefore six months away from the surplus market however experienced they are elsewhere.
Nevada exempts two categories from the examination and neither is a designation. NRS 683A.291 reaches an applicant "previously licensed for the same lines of authority in another state" who is currently licensed there, and a producer confining activity to the listed limited lines. The Division adds the 90-day condition on the first of those - apply within 90 days of the prior licence going inactive, or sit the exam.
And there is a residency clock that is easy to miss because it runs from the move rather than from the licence: "You must apply for a Nevada Resident license within 90 days of establishing legal residency in Nevada."
Nevada Property Continuing Education
Important CE details: A property producer in Nevada should know which of the state's education programmes does NOT apply to them, because the Division runs two and they are easy to confuse. Continuing education is NAC 683A.330 - thirty hours before renewal, three in ethics - and it reaches every resident producer. Pre-licensing education is a separate programme with its own approved providers, its own provider FAQ and its own approval machinery, and it reaches nobody on the property side at all: the Division's licensing FAQ lists the only licence types that need a course, and they are the four bail licences and the Exchange Enrollment Facilitator. The Division's Prelicensing Education Provider FAQ (Effective 2/6/2024) names the licence types it reaches - producers, claims adjusters, exchange enrollment facilitators and the bail licences - and sets a minimum of twenty hours for a course in each line other than bail. Read it and you will see that the producer entry is about the providers Nevada approves, not about a requirement Nevada imposes on you. Buy one if it helps you pass the 32 Nevada questions - just do not buy it believing the state requires it.
Thirty hours in the three-year period before renewal, three of them ethics, under NAC 683A.330, with the remaining twenty-seven relating to the lines of authority held. The Property and Casualty guide owns the renewal machinery and the Life and Health guide owns the designation-based exemption.
A property producer holding a surplus lines licence should note that it renews on its own three-year cycle under NRS 685A.120 - "continues in force for 3 years unless ... suspended, revoked or otherwise terminated." It is a separate licence with a separate expiry, not a line of authority riding on the producer licence.
And the surplus lines record-keeping obligation is longer than the producer one and differently anchored. A producer's records of a particular policy "may be destroyed 3 years after expiration of the policy or contract" under NRS 683A.351(3). A surplus lines broker's diligent-effort report and records stay open to the Commissioner's examination "at all times within 5 years after issuance of the coverage," under NRS 685A.050 and 685A.160 - five years, running from issuance rather than from expiry.
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