NRS 680A.180
Continuance, expiration and reinstatement of certificate of authority.

1.

A certificate of authority continues in force as long as the insurer is entitled thereto under this Code, and until suspended or revoked by the Commissioner or terminated at the insurer’s request, if, each year, the insurer:

(a)

Pays on or before March 1 the continuation fee provided in NRS 680B.010 and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110;

(b)

Files its annual statement for the next preceding calendar year as required by NRS 680A.270; and

(c)

Pays, if required, the premium taxes for the preceding calendar year.

2.

If not so continued by the insurer, its certificate of authority expires at midnight on the May 31 next following such failure of the insurer to continue it in force, unless earlier revoked for failure to pay taxes as provided in NRS 680A.190. The Commissioner shall promptly notify the insurer of the occurrence of any failure resulting in the impending expiration of its certificate of authority.

3.

The Commissioner may, upon the insurer’s request made within 3 months after expiration, reinstate a certificate of authority which the insurer has inadvertently permitted to expire, after the insurer has fully cured all its failures which resulted in the expiration, and upon payment by the insurer of the fee for reinstatement specified in subsection 1 of NRS 680B.010. Otherwise, the insurer may be granted another certificate of authority only after filing an application therefor and meeting all other requirements for an original certificate of authority in this state.

Source: Section 680A.180 — Continuance, expiration and reinstatement of certificate of authority., https://www.­leg.­state.­nv.­us/NRS/NRS-680A.­html#NRS680ASec180.

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.180’s source at nv​.us