“Transacting insurance” defined.

In addition to other aspects of insurance operations to which provisions of this Code by their terms apply, “transact” with respect to a business of insurance includes any of the following, by mail or otherwise or whether or not for the purpose of profit: 1. Solicitation or inducement. 2. Negotiations. 3. Effectuation of a contract of insurance. 4. Transaction of matters subsequent to effectuation and arising out of such a contract. (Added to NRS by 1971, 1559)