NV Notary NV Notary - Nevada Notary Bonds and Insurance Requirements Questions and Answers

Question 1

What is the required surety bond amount for a Nevada notary public?

Accepted Answer

$5,000

Answer

$10,000

Answer

$2,500

Answer

$15,000

Question 2

Who is the primary beneficiary of a Nevada notary's surety bond?

Accepted Answer

The public or parties harmed by notary misconduct

Answer

The notary public

Answer

The State of Nevada

Answer

The bonding company

Question 3

For how many years must a Nevada notary's surety bond remain in force?

Accepted Answer

4 years

Answer

1 year

Answer

2 years

Answer

10 years

Question 4

What happens to a Nevada notary's commission if the surety bond lapses?

Accepted Answer

The commission is automatically suspended or void

Answer

The notary may continue for 30 days

Answer

The notary must pay a fine but can continue

Answer

Nothing — the bond is optional

Question 5

Which optional coverage protects a Nevada notary personally against claims arising from honest mistakes?

Accepted Answer

Errors and omissions (E&O) insurance

Answer

Surety bond

Answer

General liability insurance

Answer

Workers' compensation

Question 6

Where must a Nevada notary file the surety bond before performing notarial acts?

Accepted Answer

With the Nevada Secretary of State

Answer

With the local county recorder

Answer

With the notary's employer

Answer

With the state treasurer