671.120 - Examination of licensee by Commissioner; entry upon premises and access to documents; fee; audit in lieu of examination. - Nevada Statutes

671.120  Examination of licensee by Commissioner; entry upon premises and access to documents; fee; audit in lieu of examination.

      1.  Except as provided in subsection 4, once each year the Commissioner shall examine the financial accounts of each licensee and any other documents relevant to the conduct of the licensee’s business, and the Commissioner may conduct examinations at additional times.

      2.  For the purpose of the examinations, the Commissioner may enter upon any of the business premises of a licensee or the licensee’s agents and obtain access to the relevant documents. Any obstruction or denial of such an entry or access is a violation of this chapter.

      3.  For each examination the Commissioner shall charge and collect from the licensee a fee for conducting the examination and in preparing and typing the report at the rate established pursuant to NRS 658.101.

      4.  The Commissioner may accept a report of an audit of the licensee which covers the most recent fiscal year in lieu of conducting an examination.

      (Added to NRS by 1977, 1086; A 1979, 956; 1983, 267, 1767; 1987, 1953, 2224)