NRS 680A.150
Application for certificate of authority.


To apply for an original certificate of authority an insurer shall file with the Commissioner its written application therefor on forms as prescribed and furnished by the Commissioner, accompanied by the applicable fees specified in NRS 680B.010 and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110, stating under the oath of the president or vice president or other chief officer and the secretary of the insurer, or of the attorney-in-fact if a reciprocal insurer, the insurer’s name, location of its home office, or principal office in the United States if an alien insurer, the kinds of insurance to be transacted, date of organization or incorporation, form of organization, state or country of domicile, and such additional information as the Commissioner may reasonably require, together with the following documents, as applicable:

1.

If a corporation, a copy of its charter or certificate or articles of incorporation, together with all amendments thereto, or as restated and amended under the laws of its state or country of domicile, currently certified by the public officer with whom the originals are on file in that state or country.

2.

If a domestic incorporated insurer or a mutual insurer, a copy of its bylaws, certified by the insurer’s corporate secretary.

3.

If a reciprocal insurer, a copy of the power of attorney of its attorney-in-fact, certified by the attorney-in-fact; and if a domestic reciprocal insurer, the declaration provided for in NRS 694B.060.

4.

A complete copy of its financial statement as of not earlier than the December 31 next preceding in form as customarily used in the United States by like insurers, sworn to by at least two executive officers of the insurer or certified by the public insurance supervisory officer of the insurer’s state of domicile, or of entry into the United States if an alien insurer.

5.

A copy of the report of last examination made of the insurer within not more than 5 years next preceding, certified by the public insurance supervisory officer of the insurer’s state of domicile, or of entry into the United States if an alien insurer.

6.

The appointment of the Commissioner pursuant to NRS 680A.250 as its attorney to receive service of legal process.

7.

If a foreign or alien insurer, a certificate of the public insurance supervisory officer of its state or country of domicile showing that it is authorized or qualified for authority to transact in such state or country the kinds of insurance proposed to be transacted in this state.

8.

If a foreign insurer, a certificate as to a deposit if it is to be tendered pursuant to NRS 680A.140.

9.

A copy of the insurer’s rate book and of each form of policy currently proposed to be issued in this state, and of the form of application therefor.

10.

If an alien insurer, a copy of the appointment and authority of its United States manager, certified by its officer having custody of its records.

11.

Designation by the insurer of its officer or representative authorized to appoint and remove its agents in this state.

Source: Section 680A.150 — Application for certificate of authority., https://www.­leg.­state.­nv.­us/NRS/NRS-680A.­html#NRS680ASec150.

680A.010
Definitions.
680A.020
“Charter” defined.
680A.028
“Multiple employer welfare arrangement” defined.
680A.030
“Mutual” insurer defined.
680A.040
“Reciprocal” insurer defined.
680A.050
“Stock” insurer defined.
680A.058
Applicability of chapter to self-funded multiple employer welfare arrangements.
680A.060
Certificate of authority required
680A.070
Exceptions to requirement of certificate of authority.
680A.080
Eligibility for certificate of authority: General requirements.
680A.082
Eligibility for certificate of authority: Additional requirements for self-funded multiple employer welfare arrangements.
680A.090
Eligibility for certificate of authority: Ownership
680A.095
Certificate of authority required to transact reinsurance
680A.100
Name of insurer.
680A.110
Combinations of insuring powers.
680A.120
Required capital.
680A.130
Combinations of insurance for which additional capital not required.
680A.140
Required deposit
680A.150
Application for certificate of authority.
680A.155
Payment of taxes and penalties by certain applicants.
680A.160
Issuance or refusal of certificate of authority
680A.165
Insurer’s duty to notify Commissioner of all material changes to information provided in application for certificate of authority
680A.170
Amended certificate of authority.
680A.173
Transfer of insurer’s domicile: Foreign insurer may become domestic insurer.
680A.175
Transfer of insurer’s domicile: Termination of status as domestic insurer
680A.177
Transfer of insurer’s domicile: Duties of insurer
680A.180
Continuance, expiration and reinstatement of certificate of authority.
680A.190
Suspension or revocation of certificate of authority: Mandatory grounds.
680A.200
Suspension, limitation or revocation of certificate of authority: Grounds
680A.205
Determination of hazardous financial condition of insurer: Regulations
680A.210
Order and notice of suspension, limitation or revocation of certificate
680A.220
Duration of suspension
680A.230
Applicability of general corporation laws to foreign insurers.
680A.240
Additional titles.
680A.250
Commissioner agent for service of process for certain insurers.
680A.260
Method of serving process
680A.265
Filing of annual financial statement
680A.270
Filing of annual statement and payment of fee by authorized insurers
680A.280
Penalties for late or false statements.
680A.290
Loss prevention reports and programs.
680A.300
Agent required
680A.310
Exceptions to requirements for countersignature by agent.
680A.320
Transaction with parent corporation, financial holding company, depository institution, subsidiary or affiliated person.
680A.330
Retaliatory provision.
Last Updated

Jun. 24, 2021

§ 680A.150’s source at nv​.us