NRS 692B.100
Granting or denial of permit.
1.
The Commissioner shall expeditiously examine an application for a solicitation permit and complete the investigation as called for. Subject to subsection 2, if the Commissioner finds on such examination and investigation that:(a)
The application is complete;(b)
The documents therewith filed are proper in form; and(c)
The proposed financing is reasonable and adequate in amount for the purposes intended and the applicant is otherwise entitled to the permit,2.
If the Commissioner does not so find, or finds that:(a)
The proposed sale of securities would be or tend to be unfair or inequitable as to present or proposed security holders or investors;(b)
Any of the individuals associated or to be associated in the insurer, corporation, syndicate, association, firm, organization or financing are not of good reputation as to business affairs or financial responsibility;(c)
The proposed insurer would not be able to qualify for a certificate of authority in this state by virtue of the provisions of subsection 2 of NRS 680A.090 (ownership, management);(d)
If an insurance holding corporation, its plan of capitalization or security options, or financing are such as would be prohibited under this Code as to a newly formed domestic stock insurer; or(e)
There is material variance, adverse to the applicant, as between the information furnished by the applicant in connection with the application and that determined by the Commissioner on investigation,
Source:
Section 692B.100 — Granting or denial of permit., https://www.leg.state.nv.us/NRS/NRS-692B.html#NRS692BSec100
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