680A.160 - Issuance or refusal of certificate; contents and ownership of certificate. - Nevada Statutes

680A.160  Issuance or refusal of certificate; contents and ownership of certificate.

      1.  If upon completion of its application the Commissioner finds that the insurer has met the requirements therefor under this Code, the Commissioner may issue to the insurer a proper certificate of authority; if the Commissioner does not so find, the Commissioner shall issue an order refusing such certificate.

      2.  The certificate, if issued, shall state the insurer’s name, home office address, state or country of organization, and the kinds of insurance the insurer is authorized to transact throughout Nevada. At the insurer’s request, the Commissioner may issue a certificate of authority limited to particular types of insurance or coverages within a kind of insurance as defined in NRS 681A.010 to 681A.080, inclusive (kinds of insurance).

      3.  Although issued and delivered to the insurer, the certificate of authority at all times shall be the property of the State of Nevada. Upon any expiration, suspension or termination thereof the insurer shall promptly deliver the certificate to the Commissioner.

      (Added to NRS by 1971, 1583)