§ 680A.150 — Certificate of authority: Application

Nevada § 680A.150

• Jurisdiction: Nevada
• Title 57: INSURANCE
• Ch. 680A: Authorization

Text

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.

Legislative History

(Added to NRS by 1971, 1581 ; A 1989, 2175 ; 1995, 1753 ; 2009, 1764 )